By Ukumbi Afrika The International Monetary Fund (IMF) has approved a new financing package worth nearly US$350 million for the Democratic Republic of Congo (DRC), providing additional support for climate resilience, infrastructure development and macroeconomic stability.
The International Monetary Fund has approved approximately US$348.5 million in fresh financing for the Democratic Republic of Congo following the successful completion of programme reviews under the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF).
According to the IMF, the latest decision unlocks approximately US$258.2 million under the ECF programme, while a further US$90.3 million will be disbursed through the RSF, strengthening the country’s efforts to support economic reform and long-term resilience.
Finance Minister Doudou Roussel Fwamba Likunde Li-Botayi said the government intends to channel the funding towards priority national programmes. Around US$193.9 million will be directed to budget support, with a focus on climate adaptation initiatives, infrastructure investment and social development programmes. The remaining funds will be used to reinforce the country’s external reserves and strengthen its balance of payments position.
The minister reaffirmed the government’s commitment to its partnership with the IMF, noting that the authorities remain focused on implementing reforms designed to enhance economic stability, build resilience and promote sustainable long-term growth.
Why It Matters
The IMF’s latest financing package provides the Democratic Republic of Congo with additional fiscal space to invest in climate resilience and critical infrastructure while strengthening external financial buffers. For investors and development partners, the approval also signals continued international support for the country’s economic reform agenda and efforts to improve macroeconomic stability.
Source: Reuters (Published under licence)
Reporting:Ayen Deng Bior and Gursimran Kaur; additional reporting by Karin Strohecker.
Editing:William Mallard and Rod Nickel.