December 7, 2022

The Political Chronicle

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The IMF confirms that the second will provide $ 212 million


The IMF authorizes the DRC to provide a second tranche of financial assistance. Following the assessment of the first part of the $ 1.4 billion three-year plan concluded with the Congolese government, the Board of Directors of the International Monetary Fund reviewed its reports and ordered a second tranche. So $ 212 million is expected this week.

With our correspondent in Kinshasa, Patient lycopene

To recognize this second revenue, the IMF assessed some key figures, including the general deficit, public spending and tax revenue.

The International Monetary Fund has also analyzed what it calls it. Structural definitions 2, these are the most standard criteria. Thus, the financial statement was released Chemicals, The largest mining company in the country, appreciated.

The government’s commitments in the coming months will also be assessed. Specifically, the Finance Act for fiscal year 2022 Reviewed by IMF experts. Following this review, the budget for next year was found to be broadly credible. Reliable in relation to the expected expenditure for planned expenditures taking into account the accumulative and credible sources related to the objectives of the project concluded with the International Monetary Fund.

The next delivery is scheduled for June 2022

The next review is scheduled between April and May 2022. This system will focus on implementing reforms that specifically support the IMF tax revenue. One of the weaknesses of the DRC over the years has been the improvement of the cost chain circuits. The activities of the Central Bank will be scrutinized once again. If the project continues satisfactorily, the next payment will take place in June 2022.

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