Search
  1. Home
  2. Africa
  3. DRC
  • News

War slashes government’s export revenues

    NAIROBI

    Minister of State for Planning and Commerce Badimany Bilembu has reported a drop of over 60 percent in annual export revenues due to the war. “Most products intended for export are concentrated in rebel-held areas,” state television reported Bilembu as saying. The Economist Intelligence Unit (EIU) has predicted for 1999 and 2000 that the government will continue to struggle to raise the foreign exchange revenue it desperately needs to pay for imports. The shortage of foreign exchange would cause recurrent fuel shortages to continue, contributing to the steady depreciation of the Congolese franc and feeding inflationary pressures, since most goods are imported, the EIU added.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join