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IMF Country Report No. 21/95

DEMOCRATIC REPUBLIC OF THE CONGO

TECHNICAL ASSISTANCE REPORT—GOVERNANCE AND ANTI-CORRUPTION ASSESSMENT

May 2021

This Technical Assistance report on Democratic Republic of the Congo was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in October 2020.

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Technical Assistance Report

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DEMOCRATIC REPUBLIC OF THE CONGO

Governance and Anti-corruption Assessment

OCTOBER 2020

Prepared By

A. Antonio Hyman-Bouchereau, Pasquale Di Benedetta, David McDonnell, Alice French, Patrick Petit, Anthony Ramarozatovo and Benoit Taiclet

Authoring Departments:

Legal Department Fiscal Affairs Department

DISCLAIMER

The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the Ministry of Finance (MoF) of the Democratic Republic of the Congo in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff. This report may also be disclosed to other technical assistance providers and donors with legitimate interest upon their request, unless the TA recipient specifically object to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest shall require the explicit consent of the TA recipient and the IMF’s Legal Department and Fiscal Affairs Department.

Contents

• Glossary

• PREFACE

• EXECUTIVE SUMMARY

• KEY RECOMMENDATIONS

• EVALUATION

• I. Fiscal Governance

• II. Central Bank Governance and Operations

• III. Financial Sector Oversight

• IV. Rule of Law

• V. Market Regulation and Business Environment

• VI. Anti-Corruption Framework

• VII. AML/CFT

• BOX

• 1. Towards an Integrated Public Finance Reform Strategy

• FIGURES

• 1. Investments and Growth in Sub-Saharan Africa (2000–2018)

• 2. Government Revenue and Governance in Sub-Saharan Africa (2000–2018 averages)

• 3. Illustrations of Vulnerabilities in the DGI and the DGDA

• 4. Coverage for the Treasury General Account

• 5. Government Contracting Procedures by Category

• 6. Expenditure Categories According to the Normal Mode of Execution

• TABLES

• 1. Key Recommendations

• 2. Tax Expenditures in the DRC (2017)

• 3. Information to be Published on the DGI, DGDA and DGRAD websites

• 4. Urgent Measures to Improve the Processing of Complaints or Appeals

• 5. Specific Measures to Upgrade Reporting and Payment Procedures

• 6. Measures to Streamline and Normalize Interventions in Businesses

• 7. Concrete Measures to Improve the Resource Management Framework

• 8. Revenues, Net Income and Debt of Strategic SOEs in 2017 ($ million)

• ANNEX

• I. List of Government Entities Participating in the Diagnostic Report and Other Entities Consulted

Glossary