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Democratic Republic of Congo

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Real GDP grew 8.5% in 2022, up from 6.2% in 2021, thanks to momentum in the extractive sector (which grew 20.8%) and recovery in the nonextractive sector (which grew 3.2%), driven by services despite a deteriorating security situation in the east of the country. Economic growth was driven on the demand side by robust exports (which grew 23.8%) and investment (which grew 18.6%), despite a global energy crisis. Inflation reached 9.1% in 2022 due to high food and imported energy prices. The budget deficit widened to 2.8% of GDP in 2022 from 0.9% in 2021 due to exceptional spending (security, elections) and despite the exceptional increase in revenue and aid, which rose to 17.2% of GDP from 13.7% in 2021.

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Key Facts

Flag:
DRC Flag
Capital:
Kinshasa
Population 2023:
103,9 million
Date of membership:
5 June 1964
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Bank intervention strategy

  • Priority area 1: Develop infrastructure to support private investment and facilitate regional integration.
  • Priority area 2: Build Government’s capacity to increase public revenue and create an incentive framework for private investment.

DRC continues to face many major, lingering challenges, which justifies the decision to maintain the CSP pillars in the next extension. The country’s huge infrastructure deficit continues to impede private investment and limit sector contribution to economic growth. This infrastructure gap is particularly felt in the transport and energy sectors where less than 20% of the population have access to electricity in 2020 and most provinces remain inaccessible.

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Videos

News and Events

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The African Development Bank will support the construction of skills development infrastructure in the agricultural sector, build the capacities of agricultural trainers and support the establishment of agricultural cadastres to enable the Democratic Republic of the Congo to develop value chains in its rich agricultural sector.
04-Mar-2024
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The African Development Bank's trade finance guarantee facility granted to Access Bank DR Congo will support imports of essential goods and various inputs in such key sectors of the Congolese economy as health and agriculture.
22-Feb-2024
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The African Development Bank-supported project has enabled thousands of Congolese students to be withdrawn from mining sites and, after birth certificates were made for them, to enroll in school.
08-Feb-2024
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Comoros, DRC, Seychelles and South Sudan have made strides in fighting gender discrimination but more needs to be done, according to recent AfDB country gender profile reports.
30-Jan-2024
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The African Development Bank will support the development of value chains in the DRC’s key agricultural sectors (cassava, maize, soya and rice) in order to create jobs and to reduce food insecurity and reliance on food imports.
26-Jan-2024
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From left: DRC first lady Denise Tshisekedi, DRC President Félix Tshisekedi, AfDB President Akinwumi Adesina and Grace Adesina attend the swearing in ceremony in Kinshasa for President Tshisekedi’s second term in office
23-Jan-2024

Publications

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Resources

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Contacts

Democratic Republic of Congo Country Office

 

Mr. Solomane Koné, Solomane, Deputy Director General of Africa Central Region, and Country Manager of Democratic Republic of Congo

 

Groupe de la Banque africaine de développement
294, Boulevard du 30 Juin
6e Etage, Immeuble de la BCDC (Banque Commerciale du Congo)
Kinshasa/Gombe

 

B.P. 7525 Kinshasa I
Tél : (243) 815 560 291
Fax : (243) 815 560 294

Regional Development, Integration and Business Delivery Office (RDIB)

 

Ms. Chantal Modeste NONAULT, Executive Director

 

Vacant, Senior Advisor

 

Ms. Constance MBONIHANKUYE, Advisor

 

Vacant, Alternate Executive Director

 

African Development Bank Group
Rue Anoma 01 BP 1387 Abidjan 01 (Cote d'Ivoire)

 

Tel: +225 20 26 22 51