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- Create Date December 8, 2023
- Last Updated December 16, 2023
The DRC’s economy has continued recovering from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The Central Bank of Congo (BCC) has an explicit inflation target of 7%. The Government of the DRC’s has followed prudent fiscal policy by raising government spending during economic downturn and decreasing public spending during economic recovery. The DRC’s external sector has recovered from the global shock caused by the COVID-19 pandemic in 2020. The DRC is scheduled to hold its national elections in December 2023 and the election campaigning cycle is currently underway. The DRC political landscape remains complex and volatile. Read more accurate and balanced analysis of the political economy in DRC here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-the-drc-1h2023-24/.
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