Mother Earth Travel > Country Index > Congo > Map Economy History |
| Economy - overview: The economy of the Democratic Republic of
the Congo - a nation endowed with vast potential wealth - has declined
drastically since the mid-1980s. The new government instituted a tight
fiscal policy that initially curbed inflation and currency depreciation,
but these small gains were quickly reversed when the foreign-backed
rebellion in the eastern part of the country began in August 1998. The war
has dramatically reduced national output and government revenue and has
increased external debt. Foreign businesses have curtailed operations due
to uncertainty about the outcome of the conflict and because of increased
government harassment and restrictions. The war has intensified the impact
of such basic problems as an uncertain legal framework, corruption, raging
inflation, and lack of openness in government economic policy and
financial operations. A number of IMF and World Bank missions have met
with the government to help it develop a coherent economic plan but
associated reforms are on hold. GDP:
purchasing power parity - $31 billion (2000 est.) SOURCE: The World Factbook |
Mother Earth Travel > Country Index > Congo > Map Economy History