IMF approves $2.7bn loan for DR Congo 

The headquarters of the International Monetary Fund (IMF) in Washington, USA.

Photo credit: Reuters

The Democratic Republic of Congo will receive up to $2.7 billion from the International Monetary Fund (IMF) over the next three years to help with its governance and transparency reforms as well boost its conservation efforts.

The executive board of the multilateral lender on Wednesday approved two facilities for Kinshasa, allowing it continued access to the concessional funds after its last arrangement expired last July.