Second DRC Foundational Economic Governance Reforms Development Policy Financing

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The development objective of the Second Democratic Republic of Congo (DRC) Foundational Economic Governance Reforms Development Policy Financing for DRC is supporting the government’s program of reforms to address DRC’s key governance challenges in public finances, market opening, and forestry, in order to accelerate inclusive and climate resilient development. It supports increased domestic revenue mobilization, complemented by strengthened expenditure management and state-owned enterprise (SOE) governance, to improve service delivery. In addition, it supports the acceleration of digital transformation through increased competition in the telecom sector; and sustainable forest management - to balance forest protection and sustainable development of the agriculture sector. The development policy operation (DPO) series is anchored in three pillars: Pillar 1: strengthening the management of public expenditure and mining royalties. Pillar 2: accelerating digital transformation and strengthening SOE transparency and governance. Pillar 3: strengthening governance for sustainable forestry.