Democratic Republic of the Congo: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 373

Publication date: October 2005

ISBN: 9781451808384

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Inflation , Labor , Money and Monetary Policy , ISCR , CR , wage bill , foreign currency , broad money , monetary policy , pay scale , price level , interest rate , monthly salary , Mining sector , Monetary base , Exchange rates , Inflation , Civil service , Global , Africa

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Summary

This Selected Issues paper analyzes recent developments in the financial system of the Democratic Republic of the Congo (DRC). It describes the monetary developments in 2003–05 and reform of the financial system. The paper examines the impact of monetary and exchange rate policies on inflation, including the nature of the lags involved. It reviews developments in the DRC’s mining sector and mining’s contribution to the economy from a fiscal perspective, showing a low effective level of taxation. The paper also discusses restructuring of the mining sector.