close
Share with your friends

Democratic Republic of Congo

Government and institution measures in response to COVID-19.

Government and institution measures in response to COVID-19.

Return to homepage  |  Last updated: 15 April, 2020

General Information

The DRC Government has taken a series of important measures to mitigate the negative impact of COVID-19 on the Congolese economy. These measures include supporting the supply of basic necessities, supporting household demand for basic necessities, as well as fiscal, monetary and exchange rate and financial sector measures to support any economic and social activity and also preserve the social well-being of the Congolese people.

Tax measures – Direct and Indirect

(e.g. payment deferrals, rate reductions…)

Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.

Employment-related measures

(e.g. state compensation schemes, training…)

With regard to the measures related to employment, we noticed the following:

  • Prohibition of any mass dismissal based on lockdown measures;
  • The possibility of resorting to staff rotation in the event, in particular of proven drop in activity and minimum service.

Economic stimulus measures

(e.g. loans, moratorium on debt repayments…)

  • Creation of a fund to support spending measures relating to the crisis;
  • Decrease of the key rate from 9.0% to 7.5%;
  • Decrease of the coefficient of the reserve on demand deposits and national currency from 2% to 0%;
  • Decision to support the revival of companies 'activities by means of financing from the Fund for the Promotion of Industry (FPI) at zero rate;
  • Promotion of credit to the food and pharmaceutical sectors;
  • Granting of grace periods on loan repayments, taking into the situation caused by the Coronavirus;
  • Postponement to January 1, 2022 of requirement of the minimum capital of banks to the equivalent of USD 50 Million;
  • Increase to 2,500 USD(or its equivalent in CDF), of the monthly limit of the amounts of daily transactions in electronic money and the uncapping of the monthly limit of electronic transactions
  • Suspension of the application of late payment penalties on overdue receivables during crisis period;

Other measures and sources

  • Granting for 2 months of the supply of water and electricity free of charge to households, hospitals as well as micro & small and medium-sized enterprises which are affected by the closure measure as part of the response against COVID-19;
  • Prohibition of eviction of tenants who did not honor their commitments only from March to June 2020;
  • The removal of police barriers and checkpoints within the national territory, on the routes of transport of essential products.

Contact us

Tax: Kiyombo Louison - lkiyombo@kpmg.cd / Misombo guy Josue- gmisombo@kpmg.cd