Democratic Republic of Congo - The Potential for Growth : An Investment Climate Assessment

The Democratic Republic of Congo (DRC) is the third most populous county in Sub Saharan Africa and has many natural advantages that would enable it to experience rapid sustained economic growth and rapid poverty alleviation. These include rich and...

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Bibliographic Details
Main Author:	World Bank
Format:	Investment Climate Assessment (ICA)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS INDICATORS ACCESS TO BANK LOANS ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING STANDARDS ADMINISTRATIVE BURDEN ARBITRATION ARREARS BALANCE SHEET BANK BANK ACCOUNT BANK ACCOUNTS BANK BRANCHES BANK CHARGES BANK CREDIT BANK DEPOSITS BANK LOANS BANKING RELATIONSHIP BANKING SECTOR BANKING SECTOR DEVELOPMENT BANKING SYSTEMS BANKS BIASES BOOK VALUE BORROWING BRIBE BRIBES BUSINESS ASSOCIATIONS BUSINESS COMMUNITY CAPITAL CAPITAL ASSETS CAPITAL FINANCE CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL STOCK CENTRAL BANK CHECKING ACCOUNT CHECKING ACCOUNTS CIVIL SERVICE COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL CODE COMMERCIAL DEBT CONSOLIDATION CONTRACT CONTRACT ENFORCEMENT CONTRACTS COOPERATIVES CORRUPTION COUNTRY COMPARISONS CREDIT BUREAU CREDIT PRODUCTS CREDIT REGISTRY CREDITORS CURRENT PRICES DEBT DEBT RELIEF DECENTRALIZATION DECENTRALIZATION PROCESS DEPOSIT DEPOSIT ACCOUNTS DEVELOPMENT BANK DOMESTIC MARKET EARNINGS ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC STABILITY ECONOMIES OF SCALE EDUCATED ENTREPRENEURS ELECTRONIC PAYMENTS EMPLOYEES EMPLOYMENT EMPLOYMENT GROWTH ENABLING ENVIRONMENT ENTERPRISE ENTERPRISE DEVELOPMENT ENTERPRISE GROWTH ENTREPRENEUR ENTREPRENEURS EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXTERNAL CAPITAL FAMILY FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PENETRATION FINANCIAL SECTOR REFORM FINANCIAL SYSTEM FINANCING FISCAL POLICY FIXED DEPOSITS FLOW OF FUNDS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INVESTORS FORMAL BANKING FORMAL FINANCIAL SECTOR FORMAL FINANCIAL SERVICES FUTURE GENDER GOOD GOVERNANCE GOVERNMENTS GRANTS GREATER ACCESS GROUP OF FIRMS HUMAN CAPITAL IMPORT DUTIES INDEBTEDNESS INDICATORS OF ACCESS INDUSTRY INFLATION INFLATION RATES INFORMAL ECONOMY INFORMAL FINANCE INFORMATION ASYMMETRY INFORMATION ON ENTERPRISES INFORMATION TECHNOLOGY INFRASTRUCTURE INSTITUTIONAL CAPACITY INSTITUTIONAL REFORMS INSURANCE INSURANCE AGENCY INTEREST INTEREST RATES INTERNAL FUNDS INVESTMENT INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT DECISIONS JOB CREATION JUDICIAL SYSTEM LABOR LABOR COSTS LABOR MARKET LABOR MARKETS LACK OF ACCESS LACK OF CAPITAL LACK OF INFORMATION LAND LAND OWNERSHIP LAND TITLES LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL SYSTEM LIMITED ACCESS LIMITED ACCESS TO FINANCE LINE OF CREDIT LINES OF CREDIT LOAN LOAN AMOUNT LOAN APPLICATION LOAN APPLICATIONS LONDON CLUB MFIS MICRO ENTERPRISES MICRO-ENTERPRISE MICRO-ENTERPRISES MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MONETARY POLICY MOVABLE COLLATERAL NATURAL RESOURCES NEW ENTRANTS OPTION OVERDRAFT OVERDRAFT FACILITIES OVERDRAFTS PAYMENT PAYMENT SYSTEM PAYMENT SYSTEMS PENETRATION RATES PEOPLE PERSONAL ASSETS POLICY ENVIRONMENT POLITICAL STABILITY POVERTY PRIVATE CREDITORS PRODUCTIVITY PROFITABILITY PROJECTS PROPERTY PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FUNDS REMITTANCES REORGANIZATION REPOSSESSION RETAINED EARNINGS REVENUE RISK SAVING SAVINGS SECURITY SELF-FINANCING SEWAGE SHARE SMALL ENTERPRISES SOURCE OF FUNDS SOURCES OF FINANCE STRATEGIES SUPPLY CHAIN SUPPLY CHAINS TAX TAX ADMINISTRATION TAX BURDEN TAX CODES TAX COMPLIANCE TAX EXEMPTION TAX RATES TAX SYSTEM TAXATION TAXES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRADE CREDIT TRADE FACILITATION TRANSACTION TRANSACTION COSTS TRANSFERS TRANSPARENCY TRANSPORT VALUE WAGES WEALTH CREATION WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2008/05/16343870/democratic-republic-congo-potential-growth-investment-climate-assessment http://hdl.handle.net/10986/13000

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Summary:	The Democratic Republic of Congo (DRC) is the third most populous county in Sub Saharan Africa and has many natural advantages that would enable it to experience rapid sustained economic growth and rapid poverty alleviation. These include rich and diverse natural resources, such as mining and hydroelectric potential, abundant fertile land, and a large domestic market. The country is emerging from conflict and democratic election, and benefits from significant external capital inflows from export of commodities with surging prices and donor aid, as well as debt relief. Starting from a low base (with GDP per-capita in 2006 about 1/3 of where it was in 1980) an economic rebound would also be expected, and indeed is happening: current GDP growth is hovering around 6 percent. Nevertheless, this level of performance is insufficient to address poverty, with the Millennium Development Goals being mostly out of reach. Growth needs to be accelerated, shared better and sustained over the years to come. While certain countries have been unable to respond to such challenges, others, including Uganda in the 1990s and Mozambique now, have registered impressive results. DRC can also engage on a similar path. In order for sustained shared growth to be realized and for investments to materialize, Government needs to quickly implement a number of regulatory and policy reforms and to develop a more predictable policy environment. It also needs to make sure that all private sector entrepreneurs, not just those in certain sectors benefit from an enabling environment conducive to their activities.

Democratic Republic of Congo - The Potential for Growth : An Investment Climate Assessment

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