The International Monetary Fund has approved nearly $350 million in fresh financing for the Democratic Republic of Congo, strengthening support for one of Africa’s fastest-growing mining economies as it navigates security pressures, health risks and climate challenges.

The approval follows successful reviews under the IMF’s Extended Credit Facility and Resilience and Sustainability Facility programmes, unlocking total funding of approximately $348.5 million.

Climate and infrastructure take priority

Congo’s finance Minister Doudou Roussel Fwamba Likunde Li-Botayi said the government intends to deploy the funding strategically to support economic resilience and long-term growth.

About $193.9 million will be directed toward budget support, climate adaptation initiatives, infrastructure projects and social development programmes aimed at improving living standards and strengthening public services.

The remaining funds will be used to reinforce external reserves and support the country’s balance of payments position, providing an additional buffer against external shocks.

Mining boom supports economic expansion

The IMF noted that the Congolese economy remained resilient throughout 2025 despite rising geopolitical uncertainty and domestic security challenges.

Growth continues to be driven by robust activity in the mining sector, where exports of copper and cobalt remain key sources of foreign exchange earnings. Meanwhile, the non-extractive economy is showing signs of strengthening as investment activity improves.

The country’s recent Eurobond issuance is also expected to accelerate priority infrastructure investments capable of delivering strong economic returns.

Security and health risks persist

Despite the Washington Accords signed in late 2025, eastern Congo continues to face instability, with sporadic clashes and repeated ceasefire violations disrupting economic activity and worsening humanitarian conditions.

Food insecurity and population displacement remain significant concerns, while the Ebola outbreak and broader political tensions continue to pose implementation risks for government reforms.

External position continues to improve

The IMF expects Congo’s external position to strengthen further in 2026, supported by strong mining exports, a narrowing current account deficit and continued growth in foreign exchange reserves.

The latest funding package reinforces international confidence in Congo’s economic reform agenda and highlights the country’s growing importance in global critical minerals supply chains.