Chapter 2. Modernizing the Central Bank of Congo

Jean-Claude Nascimento

Author: Mr. Jean-Claude Nascimento

Language:: English

Keywords:: BOOK; bank; government; market; monetary policy; supervision; financial situation; monetary management; bcc foreign exchange operation; conflict central banks; central bank monetization; Currencies; Auditing; Foreign exchange transactions; International reserves; Southern Africa

Abstract

In 2001, the Democratic Republic of the Congo’s Central Bank of Congo (BCC) launched sweeping and comprehensive reforms. The main goal of these reforms was to build capacity in its key operations and support functions. These reforms, which were part of broader structural reforms underpinning IMF-supported programs, were carried out in a political context characterized by transitional arrangements among fighting factions. These arrangements ended with general elections on July 30, 2006, the first since independence.1

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Building Monetary and Financial Systems

Case Studies in Technical Assistance

Author: International Monetary Fund

ISBN:: 9781589066151

Publication Date:: 19 Oct 2007

Publisher:: International Monetary Fund

DOI:: https://doi.org/10.5089/9781589066151.071

Pages:: 358

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