Impact Of Budgetary And Monetary Policies On Economic Growth In The DRC From 1992 To 2022

Issiaka Abdallah B.M., Olivier Manunga Katshilundu

Abstract


This article explores the impact of fiscal and monetary policies on economic growth in the Democratic Republic of Congo (DRC) between 1992 and 2022. The DRC has faced numerous economic crises, exacerbated by conflicts and political instability. Expansionary fiscal policies failed to stimulate national production due to poor resource management, while monetary policy contributed to significant economic improvement between 2002 and 2019 through reforms that attracted mining investments.

The analysis reveals uncertainty about the real impact of these policies on growth, influenced by external shocks and a lack of clear relationships between economic variables. The findings highlight the importance of coordination between fiscal and monetary policies to maximize their effectiveness and achieve sustainable growth objectives. In conclusion, it is essential to integrate long-term strategies while addressing immediate economic stabilization needs.


Keywords


Fiscal policy, monetary policy and economic growth.

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DOI: http://dx.doi.org/10.52155/ijpsat.v50.1.7174

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