(3 Minutes Read)
While the IMF forecasts a Congolese growth rate of around 3.5%, many Congolese citizens feel disconnected from these positive indicators. They argue that they are bearing the brunt of the IMF’s structural reforms
The International Monetary Fund (IMF) Executive Board has approved the disbursement of approximately US$43 million to the Congolese government under the extended credit facility initiated in 2022. This approval comes after four reviews of the three-year program, highlighting the economic effectiveness of the structural reforms implemented.
However, this positive outlook is not universally shared. Several civil society members and political actors express concerns about governance issues. They argue that the ongoing crisis and current cash flow tensions in Congo highlight significant shortcomings.
Clément Mierassa, President of the Congolese Social Democratic Party, voiced his concerns. With a corruption perception index of 22/100, which is truly mediocre, nothing has been achieved. Pensioners have 41 months of pension arrears, students have 3 or 4 years of scholarship arrears, and Marien Ngouabi University is on strike. I believe this is due to poor governance.
While the IMF forecasts a Congolese growth rate of around 3.5%, many Congolese citizens feel disconnected from these positive indicators. They argue that they are bearing the brunt of the IMF’s structural reforms.
Despite these criticisms, the Congolese government remains optimistic. It has assured the public that by next year, Congo could finally see significant improvements and emerge from its current economic challenges.
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As the debate continues, the reality of Congo’s economic and social situation remains complex, with progress and challenges coexisting in a landscape marked by both hope and skepticism.
