The World Bank is helping to fight poverty and improve living standards for the people of the Democratic Republic of Congo, through education, energy, health and other social services. Most people in DRC have not benefited from this wealth. A long history of conflict, political upheaval and instability, and authoritarian rule have led to a grave, ongoing humanitarian crisis.
In addition, there has been forced displacement of populations. These features have not changed significantly since the end of the Congo Wars in DRC is among the five poorest nations in the world.
An estimated The country concluded general elections in December , leading to a second 5-year term for incumbent President Tshisekedi, but a majority is yet to be negotiated in Parliament to form a government. Reaching political consensus, increasing the presence and credibility of the state, including through improved governance, and advancing structural reforms are key to maintaining stability and peace, attracting investments, and creating jobs.
In recent months, the security situation in North Kivu and Ituri provinces has deteriorated dramatically, with fighting between the army and armed groups forcing thousands to flee. Other pockets of insecurity have emerged in the country, notably as a result of intercommunal conflicts.
After peaking at 8. Agriculture production slowed to 2. On the demand side, growth was led by private investment and exports, while inflationary pressures caused private consumption to contract, potentially impacting poverty reduction. The current account deficit deteriorated to 6. The exchange rate depreciated by Finally, an escalating war in the East and continued political volatility could undermine the ability to advance with ambitious structural reforms efforts.
