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IMF Approves Millions as Funds to Congo to Boost Economy

Somto NwanoluebySomto Nwanolue
July 20, 2023
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IMF Approves Millions as Funds to Congo to Boost Economy
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The executive board of the International Monetary Fund, IMF, had on on Wednesday, July 19, endorsed the sum of $43 million, as economic relief to the Democratic Republic of Congo (DR Congo).

According to the IMF, the approved funds would aid political leaders in Congo execute their developmental policies as well as maintain macroeconomic stability and reinforce economic recovery in-spite of the food inflation, reduced oil prices and rigorous financial conditions.

In an unfortunate turn of events however, the spokesman for one of Congo’s main opposition parties was gunned down earlier today, Thursday, July 20.

This recent news has further increased the political tension in the country, ahead of its national elections scheduled to hold in December.

Tags: as economic relief to the Democratic Republic of Congo (DR Congo)endorsed the sum of $43 millionexecutive board of the International Monetary FundImf
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

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