Democratic Republic of the Congo Country Economic Memorandum (CEM) - Pathways to Economic Diversification and Regional Trade Integration
Economic Diversification in the DRC is hindered by a business environment and key regulatory and fiscal constraints that are not conducive to private sector-led growth. Policies aimed to address the main bottlenecks hindering sustainable and inclusive growth include: i) improving business regulation; ii) promoting access to digital, electricity, and financing; iii) addressing inefficient taxation and fiscal policy challenges; iv) encouraging fiscal decentralization; and v) attracting value chain development. The two case studies discussed in complementary reports are intended to better illustrate the opportunities and challenges described in the Country Economic Memorandum and considered important for economic diversification and job creation through structural transformation and stronger trade and regional integration. The focus is on two key potential growth-driving sectors (mining and agribusiness) that offer substantial opportunities for expansion in the context of global energy transition, food insecurity, and further regional integration. While opportunities and constraints specific to the EV battery-related mining and cassava value chain are presented (and include a climate dimension), most of the challenges and recommendations could also apply to several other products or sectors of the economy (e.g., maize or any manufactured or processed product). The purpose of the illustrative case studies is to highlight how the business environment in general is not attractive to private investment, SME expansion, or product competitiveness.
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| Format: | Report biblioteca |
| Language: | English en_US |
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Washington, DC: World Bank
2023-10-26
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| Subjects: | ECONOMIC DIVERSIFICATION, DIGITAL SECTOR, ENERGY SUPPLY, ACCESS TO FINANCE, TAXATION AND FISCAL POLICY, REGIONAL TRADE INTEGRATION, |
| Online Access: | http://documents.worldbank.org/curated/en/099101723140732664/P17516107d644902908ed007c19258606dd https://openknowledge.worldbank.org/handle/10986/40541 |
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ECONOMIC DIVERSIFICATION DIGITAL SECTOR ENERGY SUPPLY ACCESS TO FINANCE TAXATION AND FISCAL POLICY REGIONAL TRADE INTEGRATION ECONOMIC DIVERSIFICATION DIGITAL SECTOR ENERGY SUPPLY ACCESS TO FINANCE TAXATION AND FISCAL POLICY REGIONAL TRADE INTEGRATION |
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ECONOMIC DIVERSIFICATION DIGITAL SECTOR ENERGY SUPPLY ACCESS TO FINANCE TAXATION AND FISCAL POLICY REGIONAL TRADE INTEGRATION ECONOMIC DIVERSIFICATION DIGITAL SECTOR ENERGY SUPPLY ACCESS TO FINANCE TAXATION AND FISCAL POLICY REGIONAL TRADE INTEGRATION World Bank Democratic Republic of the Congo Country Economic Memorandum (CEM) - Pathways to Economic Diversification and Regional Trade Integration |
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Economic Diversification in the DRC is hindered by a business environment and key regulatory and fiscal constraints that are not conducive to private sector-led growth. Policies aimed to address the main bottlenecks hindering sustainable and inclusive growth include: i) improving business regulation; ii) promoting access to digital, electricity, and financing; iii) addressing inefficient taxation and fiscal policy challenges; iv) encouraging fiscal decentralization; and v) attracting value chain development. The two case studies discussed in complementary reports are intended to better illustrate the opportunities and challenges described in the Country Economic Memorandum and considered important for economic diversification and job creation through structural transformation and stronger trade and regional integration. The focus is on two key potential growth-driving sectors (mining and agribusiness) that offer substantial opportunities for expansion in the context of global energy transition, food insecurity, and further regional integration. While opportunities and constraints specific to the EV battery-related mining and cassava value chain are presented (and include a climate dimension), most of the challenges and recommendations could also apply to several other products or sectors of the economy (e.g., maize or any manufactured or processed product). The purpose of the illustrative case studies is to highlight how the business environment in general is not attractive to private investment, SME expansion, or product competitiveness. |
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ECONOMIC DIVERSIFICATION DIGITAL SECTOR ENERGY SUPPLY ACCESS TO FINANCE TAXATION AND FISCAL POLICY REGIONAL TRADE INTEGRATION |
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World Bank |
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World Bank |
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World Bank |
| title |
Democratic Republic of the Congo Country Economic Memorandum (CEM) - Pathways to Economic Diversification and Regional Trade Integration |
| title_short |
Democratic Republic of the Congo Country Economic Memorandum (CEM) - Pathways to Economic Diversification and Regional Trade Integration |
| title_full |
Democratic Republic of the Congo Country Economic Memorandum (CEM) - Pathways to Economic Diversification and Regional Trade Integration |
| title_fullStr |
Democratic Republic of the Congo Country Economic Memorandum (CEM) - Pathways to Economic Diversification and Regional Trade Integration |
| title_full_unstemmed |
Democratic Republic of the Congo Country Economic Memorandum (CEM) - Pathways to Economic Diversification and Regional Trade Integration |
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democratic republic of the congo country economic memorandum (cem) - pathways to economic diversification and regional trade integration |
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Washington, DC: World Bank |
| publishDate |
2023-10-26 |
| url |
http://documents.worldbank.org/curated/en/099101723140732664/P17516107d644902908ed007c19258606dd https://openknowledge.worldbank.org/handle/10986/40541 |
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dig-okr-10986405412024-07-17T11:35:38Z Democratic Republic of the Congo Country Economic Memorandum (CEM) - Pathways to Economic Diversification and Regional Trade Integration République Démocratique du Congo, Mémorandum Économique Pays - Voies d’accès à la diversification économique et l’intégration commerciale régionale Fostering Economic Diversification and Regional Integration for Faster Growth, Job Creation and Poverty Reduction Favoriser la diversification économique et l'intégration régionale pour accélérer la croissance, la création d'emplois et la réduction de la pauvreté World Bank ECONOMIC DIVERSIFICATION DIGITAL SECTOR ENERGY SUPPLY ACCESS TO FINANCE TAXATION AND FISCAL POLICY REGIONAL TRADE INTEGRATION Economic Diversification in the DRC is hindered by a business environment and key regulatory and fiscal constraints that are not conducive to private sector-led growth. Policies aimed to address the main bottlenecks hindering sustainable and inclusive growth include: i) improving business regulation; ii) promoting access to digital, electricity, and financing; iii) addressing inefficient taxation and fiscal policy challenges; iv) encouraging fiscal decentralization; and v) attracting value chain development. The two case studies discussed in complementary reports are intended to better illustrate the opportunities and challenges described in the Country Economic Memorandum and considered important for economic diversification and job creation through structural transformation and stronger trade and regional integration. The focus is on two key potential growth-driving sectors (mining and agribusiness) that offer substantial opportunities for expansion in the context of global energy transition, food insecurity, and further regional integration. While opportunities and constraints specific to the EV battery-related mining and cassava value chain are presented (and include a climate dimension), most of the challenges and recommendations could also apply to several other products or sectors of the economy (e.g., maize or any manufactured or processed product). The purpose of the illustrative case studies is to highlight how the business environment in general is not attractive to private investment, SME expansion, or product competitiveness. La diversification économique en RDC est entravée par un environnement des affaires et des contraintes réglementaires et budgétaires clés qui ne sont pas propices à une croissance tirée par le secteur privé. Au nombre des politiques visant à résoudre les principaux goulets d’étranglement à une croissance durable et inclusive, on peut citer : i) l’amélioration de la réglementation des affaires ; ii) la promotion de l’accès au numérique, à l’électricité et au financement ; iii) la résolution des problèmes de fiscalité inefficace et de politique fiscale ; iv) l’encouragement de la décentralisation fiscale et v) l’attraction du développement de la chaîne de valeur. Les deux cas pratiques examinés dans des rapports complémentaires visent à mieux illustrer les possibilités et les défis décrits dans le Mémorandum économique-pays et considérés comme importants pour la diversification économique et la création d’emplois grâce à la transformation structurelle et au renforcement du commerce et de l’intégration régionale. L’accent est mis sur deux secteurs clés, moteurs potentiels de la croissance (l’exploitation minière et l’agro-industrie), qui offrent d’importantes possibilités d’expansion dans le contexte de la transition énergétique mondiale, de l’insécurité alimentaire et de la poursuite de l’intégration régionale. Bien que les possibilités et les contraintes spécifiques à la chaîne de valeur du manioc et de l’exploitation minière liée aux batteries de véhicules électriques soient présentées (et incluent une dimension climatique), la plupart des défis et des recommandations pourraient également s’appliquer à d’autres produits ou secteurs de l’économie (par exemple, le maïs ou tout autre produit manufacturé ou transformé). Ces cas pratiques soulignent le manque d’attrait de l’environnement commercial en général pour l’investissement privé, l’expansion des PME ou la compétitivité des produits. 2023-10-26T14:52:30Z 2023-10-26T14:52:30Z 2023-10-26 Report http://documents.worldbank.org/curated/en/099101723140732664/P17516107d644902908ed007c19258606dd https://openknowledge.worldbank.org/handle/10986/40541 English en_US CC BY-NC 3.0 IGO https://creativecommons.org/licenses/by-nc/3.0/igo World Bank application/pdf text/plain application/pdf text/plain application/pdf application/pdf application/pdf application/pdf Washington, DC: World Bank |