The IMF’s board has approved the signing of the program with the DRC. This three-year program includes reforms and conditionalities to allow the disbursement of one and a half billion dollars.
It should be noted already last May The IMF team reached an agreement at the service level for a three-year program to help the country support the recovery from the pandemic, to preserve macroeconomic stability and to revive the momentum of reforms to stimulate sustainable and inclusive growth.
Before the conclusion on July 15, 2021, the Board of Directors of the International Monetary Fund (IMF), had conditioned on the Congolese government,
to meet certain prerequisites. Among other prerequisites, the IMF demanded that the Board of Directors of the Central Bank be renewed. Similarly, other members of the BCC’s Board of Directors should be appointed before the program is approved by the IMF board. All these prerequisites have been met.
It is with this in mind that Malangu Kabedi Mbuyi was appointed head of the Central Bank of Congo (BCC) as
Governor. She is assisted by two new assistants.
These appointments, which meet the requirements of Law 018 on the functioning and organization of the BCC, which devotes to the latter an independence vis-à-vis political institutions, in particular the presidency, enabled the IMF’s board of directors to approve this July 15th.
