Significance
Underneath Congo’s deepening political crisis there also lies an acute balance-of-payments crisis. Despite relative improvements in the price of key exports, currency depreciation and rampant inflation are driving liquidity constraints and exacerbating socio-economic risks.
Impacts
Rising prices and stagnant wages may prompt fresh economic protests or strikes.
As growth slows, central bank funding could become a more important source of political patronage.
Neighbours' sympathy for DRC's sovereignty claims will undercut international efforts to ensure a political transition.
Research Department - Central Bank - General - Miscellaneous Committees - Balance of Payments Committee - 1960 - 1962
