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Economy / Congo, Dem. Rep.

Macroeconomic Forecast Democratic Republic of Congo

July 2009 | Macroeconomic Forecasts

We continue to forecast an external debt burden of US$10.4bn (119% of GDP) and US$10.5bn (105% of GDP) in 2009 and 2010, respectively. The IMF currently conducts a feasibility study to determine whether a mining deal with China will jeopardise the DRC's debt forgiveness eligibility. Only confirmation by the IMF that it will continue the HIPC programme with the DRC will lead to a change in our debt forecasts.

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