Africa Financial Sector Responses to COVID-19 - Democratic Republic of Congo
This page presents measures and initiatives by the Congolese government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.
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Instrument |
Institution |
Financing volume |
Description |
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Monetary policy |
Central Bank (DRC) |
N/A |
(August 15, 2020) The monetary policy committee of the Central Bank of Congo (BCC) adopted the increase in the key rate from 7.5% to 18.5%, i.e. an increase of 11 basis points, in order to "enable the BCC to regularize economic activity weakened by the negative effects of the coronavirus pandemic". |
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Monetary policy and rules and regulations |
Central Bank (DRC) |
N/A |
(April 15, 2020) Economic stimulus measures, including monetary policy measures (key rate cut from 9% to 7.5%), temporary relaxation of regulatory requirements for financial institutions, removal of penalties on delinquent loans, increase to 2,500 USD of the monthly limit of the amounts of daily transactions in electronic money and uncapping of the monthly limit of electronic transactions. |