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IMF to disburse $200 million to Democratic Rep. of Congo under credit line

22 Tháng Mười Một 2022
IMF to disburse $200 million to Democratic Rep. of Congo under credit line © Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo

DAKAR (Reuters) - The International Monetary Fund (IMF) said on Monday it would disburse $200 million to Democratic Republic of Congo for balance-of-payment support, pending executive board approval in December.

The IMF said this had been agreed at staff level with Congo, which has a three-year, $1.5 billion extended credit facility programme with the lender agreed last year, to help meet financing needs associated with the coronavirus pandemic.

"Real GDP is showing resilience, with growth forecasted at 6.6 percent in 2022 supported by higher-than-projected mining production," the IMF said in a statement.

However, it said growth was projected to slow to 6.3% in 2023 amid domestic policy tightening and a global slowdown.

Inflation is expected to exceed 12% by the end of 2022 due to higher global food and fuel prices exacerbated by the war in Ukraine, and supply chain bottlenecks, it added.

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08-12-2022 10:09:53 (UTC+7)

EUR/USD

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 EUR/USD1.0501Neutral
 GBP/USD1.2188↑ Buy
 USD/JPY136.90↑ Sell
 AUD/USD0.6715↑ Buy
 USD/CAD1.3681Sell
 EUR/JPY143.76Sell
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 Copper3.8445↑ Buy
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 US Coffee C160.00Neutral
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 Adidas117.56↑ Sell
 Lufthansa7.639↑ Buy
 Siemens AG132.90↑ Sell
 Deutsche Bank AG9.966↑ Sell
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