Congo Completes First-Ever High-Level IMF Loan Program
- IMF approves $225 million disbursement after final review
- Fund predicts 4.8% average growth through 2028 as mines expand
Shoppers and pedestrians pass lines of taxis and stores at Birere market in Goma, Democratic Republic of Congo.
Photographer: Arlette Bashizi/BloombergThis article is for subscribers only.
Democratic Republic of Congo, the world’s second-biggest copper producer, completed an International Monetary Fund loan program for the first time in its history, the Washington DC-based lender announced Wednesday.
Congo’s performance under the 3-year, $1.5 billion program was “generally positive,” allowing for a final disbursement of $224.7 million to support the country’s foreign reserves, the IMF said.