IMF staff says Congo must stop central bank financing

kinshasa in the democratic republic of congo
Kinshasa, capital city of the DRC

Staff from the International Monetary Fund have said the central bank in the Democratic Republic of Congo’s (DRC) government must stop financing government spending.

Lending to the government by the Banque Central du Congo had caused “an erosion of BCC international reserves”, an IMF staff report said. The report, published on February 25, said there was a “need to put immediately a stop to central bank advances and repay those given”.

The DRC’s government had encountered difficulties in

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