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 Political Context The country concluded general elections in December , resulting in a second five-year term for incumbent President Tshisekedi, whose party and allies obtained the majority of seats.
On April 1st, , after long negotiations, Judith Sumwina Tuluka was appointed as the first female Prime Minister, and a new government was formed in June. 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.
The security situation in North Kivu and Ituri provinces has dramatically deteriorated, with fighting between the army and armed groups forcing hundreds of thousands to flee. Additional pockets of insecurity have emerged across the country, primarily due to intercommunal conflicts.
Economic Situation 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 5. The exchange rate depreciated by GDP growth is expected to moderate to 4.
