Economy of the Democratic Republic of the Congo

[21] In 2006 Transparency International ranked the Democratic Republic of the Congo 156 out of 163 countries in the Corruption Perception Index, tying Bangladesh, Chad, and Sudan with a 2.0 rating.

Yet the IMF and the World Bank continued to lend money that was either embezzled, stolen, or "wasted on white elephant projects".

[28] "Structural adjustment programmes" implemented as a condition of IMF loans cut support for health care, education, and infrastructure.

[26] Poor infrastructure, an uncertain legal framework, corruption, and lack of openness in government economic policy and financial operations remain a brake on investment and growth.

[15] In the early 1990s, a number of International Monetary Fund (IMF) and World Bank missions have met with the government to help it develop a coherent economic plan but without reform being implemented.

[15] Faced with continued currency depreciation, the government resorted to more drastic measures and in January 1999 banned the widespread use of American dollars for all domestic commercial transactions, a position it later adjusted.

[20] Growth was negative in 2000 because of the difficulty of meeting the conditions of international donors, continued low prices of key exports, and post-coup instability.

Meanwhile, non-mining sectors contracted by 1.6% (vs. growth of 5.7% in 2019) due to pandemic-related mobility restrictions, weaker trading activities and constrained government spending.

Stage one of Phase II involved submitting laws for the Special Economic Zone, finding good sites for businesses, and currently there is an effort to help the government attract foreign investment.

Source: International Monetary Fund (IMF)[32] Ongoing conflicts dramatically reduced government revenue and increased external debt.

The criminalization context in which these activities occur offers avenues for considerable factional and personal enrichment through the trafficking of arms, illegal drugs, toxic products, mineral resources and dirty money.

"[citation needed] Ethnic rivalries were made worse because of economic interests and looting and coltan smuggling took place.

Human rights abuses also ruin economic activity; the DRC has a 7% unemployment rate, but still has one of the lowest GDP's per capita in the world.

[33] Poor infrastructure, an uncertain legal framework, corruption, and lack of openness in government economic policy and financial operations remain a brake on investment and growth.

[15] A number of International Monetary Fund (IMF) and World Bank missions have met with the new government to help it develop a coherent economic plan but associated reforms are on hold.

[15] Faced with continued currency depreciation, the government resorted to more drastic measures and in January 1999 banned the widespread use of U.S. dollars for all domestic commercial transactions, a position it later adjusted.

[20] Growth was negative in 2000 because of the difficulty of meeting the conditions of international donors, continued low prices of key exports, and post-coup instability.

The travel time from Lubumbashi to Kasomeno in Katanga went down from seven days to two hours because of the improved roads which led to the decrease of prices of main goods by 60%.

The biggest problem with the vote is getting a country of 68 million people the size of Western Europe to polling stations with less than 1,860 miles of paved roads.

[20] Main cash crops include coffee, palm oil, rubber, cotton, sugar, tea, and cocoa.

Foreign capital is necessary in order for forestry to expand, and the government recognizes that changes in tax structure and export procedures will be needed to facilitate economic growth.

Manono in Central DRC has a significant deposit of lithium and tin with tantalum and niobium and is being developed by an Australian company.

[45] Smuggling of the conflict minerals, coltan and cassiterite (ores of tantalum and tin, respectively), has helped fuel the war in the Eastern Congo.

Today four central African countries including the Democratic Republic of Congo (DRC) provides legitimate and ethical 3T minerals.

Much has been done in the last 15 years, providing artisanal and small-scale miners a support network through iTSCi, to build the foundations and regulate the industry.

A report had been done by Pact in 2015, detailing iTSCi's progress over the previous five years, it discusses the successes, the challenges ahead and the work yet to be done.

The terrain and climate of the Congo Basin present serious barriers to road and rail construction, and the distances are enormous across this vast country.

On the other hand, the Democratic Republic of Congo has thousands of kilometres of navigable waterways, and traditionally water transport has been the dominant means of moving around approximately two-thirds of the country.

Change in per capita GDP of Congo, 1950–2018. Figures are inflation-adjusted to 2011 International dollars.
Evolution of the DRC's GDP.
Congolese exports in 2006.
Geographical distribution of the global battery supply chain in 2024. [ 42 ] : 58
A train from Lubumbashi arriving in Kindu on a newly refurbished line.