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Democratic Republic of Congo

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IMF’s recent engagements on infrastructure governance

Public Investment Management Assessment (PIMA) February 2022
Climate PIMA (C-PIMA) February 2022

 

 

Related Documents

PIMA and C-PIMA Technical Assistance Report (Français)

PIMA and C-PIMA Country Summary Assessment

 

 

 

Summary of PIMA report

(Published in April 2022)

 

Despite some recovery in the 2000s, the levels of public investment in the DRC remain well below the average for comparator countries. Investment by general government, financed to a large part by external resources, has fluctuated around 4 percent of GDP since 2003, remaining almost 50 percent lower than the averages for Sub-Saharan African countries and for low-income countries. This enabled the rebuilding of part of the stock of public capital (46 percent of GDP in 2019), but the stock of capital per capita continues to be among the lowest in the world (≈ US$200 in 2019). In addition, there are investments carried out by public corporations in the energy and mining sectors (≈ 2 percentage points of GDP a year in recent years), as well as by the public-private partnerships (PPPs) in the transport sector (stock of at least 4 percent of GDP).

 

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Summary of C-PIMA report

(Published in April 2022)

 

The DRC is particularly vulnerable to climate change due to its specific geographical characteristics. The annual average temperature has increased by 0.2 degree per decade over the last thirty years and is expected to continue to increase by 1 to 2 degrees 60 by 2050 with a potential rise of 5 degrees by 2100. Although the DRC has exceptional natural resources (river system, arable land, biodiversity, tropical forest, and minerals), it is vulnerable to a very large variety of climate risks, particularly due to its huge land mass (2.4 million km2 ) and the fact that it spans three climate zones (equatorial, tropical, and high-altitude). The main risks attached to climate change are torrential rain, coastal erosion, earthquakes, flooding, heatwaves, and also seasonal drought. The scale of deforestation, combined with periods of heavy rain and with urbanization, also leads to particularly frequent landslides, especially in the Kivu region. The ranking of the DRC (177th out of 181 countries) in relation to the Notre Dame University index, which measures both vulnerability to climate change (degree of exposure, sensitivity, and adaptation ability) for six key sectors and the degree of preparation (economic, institutional, and social), illustrates the magnitude of the challenges ahead. Natural disasters linked to climate change will become more and more frequent in the coming years due to the rise in temperature and precipitation, which will have automatic consequences for health, biodiversity, access to water, agriculture, and employment. 

 

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