This strong acceleration is due to the surge in world prices for two minerals produced in the DRC, namely copper (+40% from November 2020 to November 2021) and cobalt (+80%).
Chinese buyers have also resumed purchasing these two minerals. The reserves of the Banque Centrale du Congo (BCC) jumped from $800m in 2020 to $3.3bn in mid-October 2021, thanks in particular to the IMF allocating $1.4bn worth of special drawing rights.
The government has also demonstrated a willingness to improve governance. It signed a three-year programme – the first in nine years – with the IMF for an aid package of $1.5bn. A second disbursement of $217m took place in mid-December, showing the Fund’s satisfaction with the reforms. IMF Director Kristalina Georgieva’s visit to Kinshasa on 8 and 9 December was another boost for Kinshasa.
Prime minister Sama Lukonde Kyenge’s government has
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