The International Monetary Fund's Executive Board completed the third review of the Democratic Republic of the Congo's Extended Credit Facility arrangement and the second review of its Resilience and Sustainability Facility arrangement, both approved on January 15, 2025. That releases SDR 190.4 million under the Extended Credit Facility, bringing cumulative disbursements under that program to SDR 761.3 million, and SDR 66.6 million under the Resilience and Sustainability Facility. The board assessed Extended Credit Facility program performance as broadly satisfactory despite fiscal pressures, and it described economic activity as resilient, inflation as sharply lower, and the external position as stronger, even as conflict in eastern Democratic Republic of the Congo, the Ebola outbreak and spillovers from the war in the Middle East continue to weigh on the outlook. All end-December 2025 performance criteria were met except the domestic fiscal balance and the continuous criterion on the non-introduction or modification of multiple currency practices. The fiscal target was missed because of higher-than-expected security spending in the final quarter of 2025, while the multiple currency practices breach reflected a change by the Central Bank of the Congo to the exchange rate spread used in foreign exchange operations with the Treasury. Corrective actions have been taken. Most structural benchmarks were met, and under the Resilience and Sustainability Facility the climate screening methodology for public investment was completed ahead of schedule, while amendments to the Forest Code were delayed for reasons outside the authorities' control. In its discussion, the board said the 2026 fiscal outlook is broadly manageable, although the domestic fiscal deficit is expected to widen temporarily because of the war in the Middle East and additional Eurobond-financed investment. It called for a pause in further monetary easing, with readiness to tighten if needed, continued reserve accumulation while preserving exchange rate flexibility, and further reforms on governance, transparency, anti-corruption, AML/CFT and the business climate, including progress toward exit from the FATF grey list.

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