Democratic Republic of Congo - Emergency Programme to Mitigate the Impacts of the Financial Crisis

The present is relates to the Emergency Programme to Mitigate the Impacts of the International Financial Crisis. It's designed in a context where the scarcity of international reserves could seriously affect private import capacities with the risk of shortages of essential imported goods, increased inflationary pressure, as well as deterioration of the population’s living conditions,in the absence of emergency aid to the country. This emergency program aims to mitigate the impacts in the short term of the international financial crisis on the Congolese economy through facilitation of continued supply of essential imported goods and commodities and financing of urgent targeted public expenditures, including the payment of the salaries of primary and secondary school teachers. It comprises three components, namely: (i) the financing of imports of essential goods and commodities; (ii) payment of primary and secondary school teachers’ salaries; and (iii) financing of the Government’s arrears in respect of water and electricity bills.