The country faces a moderate risk of debt distress. Forecasts suggest a slowdown in GDP growth in 2020 (3.9%) and 2021 (3.4%) due to reduced mining production. Young people have limited access to jobs and socio-professional insertion programs.The expected adoption of the 2019–23 Strategic Development Plan will give national priorities more visibility. Growth has been driven by domestic demand, particularly private investment and public consumption.Thanks to good coordination in monetary and budget policies, the inflation rate, which reached 29.3% in 2018, fell to 4.5% in 2019.Despite considerable rationalization in public expenditure, the fiscal deficit for 2019 was 0.4% of GDP due to the implementation of the presidential emergency plan (the fiscal surplus was 0.4% in 2018). Average inflation in 2020 and 2021 is expected to stay around 5%.A medium-term economic and financial program supported by the IMF would pave the way for additional economic stimulus. 124 135 All Rights Reserved. 20 Government spending has amounted to 12.4 percent of the country’s output (GDP) over the past three years, and budget deficits have averaged 1.0 percent of GDP. country comparison to the world (CIA rank, may be based on non-current data): Its overall score has decreased by 0.8 point because of a huge drop in the government integrity score. country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): As Reyntjens wrote, "Entrepreneurs of insecurity are engaged in extractive activities that would be impossible in a stable state environment. 133 It also will have to make substantial gains in the rule of law.Joseph Kabila, who won the DRC’s first multiparty election in 40 years in 2006, finally left the presidency under international pressure in 2019. The DRC is Africa’s largest copper producer and the world’s largest cobalt producer, but its political instability and high inflation discourage international investors.
A medium-term economic and financial program supported by the IMF would pave the way for additional economic stimulus. Endemic corruption in the government, security forces, and mineral extraction industries has impeded basic public services and development efforts.The top personal income tax rate is 30 percent, and the top corporate tax rate is 40 percent. DRC also concluded its program with the IMF in 2015. Endemic corruption in the government, security forces, and mineral extraction industries has impeded basic public services and development efforts.The top personal income tax rate is 30 percent, and the top corporate tax rate is 40 percent. country comparison to the world (CIA rank, may be based on non-current data): The current account deficit will likely worsen in 2020 (to 4.6% of GDP) and 2021 (4.3% of GDP), and the fiscal balance will remain in the red (0.2% of GDP in 2020 and …
Low currency reserves (equivalent to 3.7 weeks of imports in 2019) pose a threat to external stability. The Democratic Republic of the Congo is ranked 39th among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages.Index scoring for the DRC resumed in 2009 after an eight-year absence when credible data were not available because of instability and violence, and the level of economic freedom has improved only sporadically since then. country comparison to the world (CIA rank, may be based on non-current data): The Democratic Republic of the Congo’s economic freedom score is 49.5, making its economy the 162nd freest in the 2020 Index.
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