IMF pushes for single treasury account, tax reforms in Congo in new $2.9bn deal

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

The International Monetary Fund (IMF) wants Kinshasa to consolidate thousands of government-related accounts into one to improve transparency, as part of the conditions of a new financing deal that will see the country receive $2.87 billion over three years.

A Treasury Single Account (TSA) has been a key requirement for the Democratic Republic of Congo (DRC) since 2019, but Kinshasa has been sluggish to implement it, which is designed to streamline the management of public resources in the country.