The International Monetary Fund (IMF) announced that it has approved approximately $348,5 million in financing for the Democratic Republic of Congo (DRC), after completing reviews of two financial support programs for the country.
This decision follows the third review of the Extended Credit Facility (ECF) supported program, which will allow for the disbursement of approximately $258,2 million. The second review of the Resilience and Sustainability Fund (RSF) program releases nearly $90,3 million.
The Congolese Minister of Finance, Doudou Roussel Fwamba Likunde Li-Botayi, indicated that these resources would be divided between supporting the national budget and strengthening the country's foreign exchange reserves.
According to him, approximately $193,9 million will be used to finance climate change adaptation measures, infrastructure projects, and social development programs. The remaining funds will be allocated to strengthening the DRC's external reserves and supporting its balance of payments.
This new financial package is part of the partnership between the IMF and the Congolese authorities, aimed at supporting economic reforms, strengthening the country's resilience to external shocks and improving macroeconomic stability.
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