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POST-REUNIFICATION ECONOMIC RECOVERY CREDIT

Abstract*

The Post-Reunification Economic Recovery Credit (PRERC) for the Democratic Republic of Congo is consistent with the Bank's Transitional Support Strategy (TSS) discussed by the Board on July 31, 2001 and is an integral part of a new TSS to be discussed by the Board concurrently with this credit on February 26, 2004. It would assist the Democratic Republic of Congo in its economic and social recovery, in the context of the Government's 2004-2005 Reform...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Government.s medium-term development objectives given in its LDP cover, for 2003-5, peace and governance (including demobilization and reintegration, anticorruption, public expenditure management and public administration reform, decentralization and judicial sector reform), the financial sector, private sector development and reform of public enterprises, natural resources, the social sectors (service delivery), agriculture and the rural sector development, and infrastructure rehabilitation. The Government also expects to be well advanced towards the satisfaction of HIPC Completion Point triggers at the end of 2005.In the medium term supported by the credit is commited to reunification and recovery as key conditions for the overall success of peace and reconciliation. On the economic side, the Government has a three-track agenda: (i) keeping the economic reform program on track, with a particular attention to absorbing the monetary and fiscal shocks expected from the process of economic and social reunification; (ii) restoring institutional unity while redefining the respective roles, responsibilities, and resources of the various levels of Government; and (iii) providing rapid financial support in the eastern and northern parts of the country with a view to generating peace dividends and stabilizing the social situation, while laying the ground for growth recovery.The specific sub-objectives contributing to reunification and recovery under this project will be (a) redefining the relationship between the various levels of Government; (b) beginning institutional and civil service reform; (c) tackling the issue of internal debt, which hampers private sector revival; and (d) ensuring regular Government payments to key public suppliers, in particular the water and electricity utilities.The objectives supported and facilitated by this credit are the implementation of urgent reforms in critical areas: (a) the continued implementation of economic reforms throughout the country; (b) the retirement of staff having reached retirement age, to prepare for civil service reform and open the system to advancement; and (iii) completion of the process of debt reduction and restructuring begun under the ERC, in terms of both settling debts to creditors, and preventing the accumulation of new arrears.

Key Details

Project Details

  • P082443

  • Closed

  • Emilie Ayaza Mushobekwa

  • N/A

  • Congo, Democratic Republic of

  • January 20, 2004

  • (as of board presentation)

    February 26, 2004

  • May 13, 2004

  • US$ 200.00 million

  • N/A

  • Not Applicable

  • December 31, 2005

  • BANK APPROVED

  • August 1, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 200.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 200.00
IBRD + IDA Commitment 200.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 200.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 1, 2019 IDA-38620 Loan Repay 29,896.88
Mar 1, 2019 IDA-38620 Loan Repay 1,841,499.10
Sep 18, 2019 IDA-38620 Loan Repay 1,226,191.80
Sep 18, 2019 IDA-38620 Int Charges 618,329.50
Sep 18, 2019 IDA-38620 Int Charges 618,329.50
Sep 1, 2019 IDA-38620 Int Charges 6,485.10
Sep 1, 2019 IDA-38620 Int Charges 6,485.10
Mar 4, 2019 IDA-38620 Int Charges 40,603.40
Mar 4, 2019 IDA-38620 Int Charges 40,603.40
Mar 1, 2019 IDA-38620 Int Charges 542,057.40
Mar 1, 2019 IDA-38620 Int Charges 542,057.40
Sep 18, 2019 IDA-38620 Loan Repay 599,199.90
Mar 1, 2020 IDA-38620 Loan Repay 285,268.12
Mar 1, 2020 IDA-38620 Int Charges 647.89
Mar 1, 2020 IDA-38620 Int Charges 647.89
Mar 1, 2020 IDA-38620 Int Charges 43,918.96
Mar 1, 2020 IDA-38620 Int Charges 43,918.96
Mar 31, 2020 IDA-38620 Int Charges 513,984.10
Mar 31, 2020 IDA-38620 Int Charges 513,984.10
Mar 1, 2020 IDA-38620 Loan Repay 1,539,230.00
Mar 1, 2020 IDA-38620 Loan Repay 32,176.42
Mar 1, 2020 IDA-38620 Int Charges 33,726.48
Mar 1, 2020 IDA-38620 Int Charges 33,726.48
Sep 1, 2019 IDA-38620 Loan Repay 2,120.83
Sep 1, 2019 IDA-38620 Loan Repay 25,120.74
Sep 1, 2020 IDA-38620 Int Charges 18,533.88
Sep 1, 2020 IDA-38620 Int Charges 18,533.88
Mar 16, 2021 IDA-38620 Loan Repay 1,932,562.40
Mar 16, 2021 IDA-38620 Int Charges 670.82
Mar 16, 2021 IDA-38620 Int Charges 670.82
Mar 16, 2021 IDA-38620 Int Charges 623,251.40
Mar 16, 2021 IDA-38620 Int Charges 623,251.40
Oct 5, 2020 IDA-38620 Loan Repay 73,655.93
Oct 5, 2020 IDA-38620 Int Charges 551,684.75
Oct 5, 2020 IDA-38620 Int Charges 551,684.75
Oct 5, 2020 IDA-38620 Loan Repay 861,798.60
Mar 16, 2021 IDA-38620 Int Charges 71,975.83
Mar 16, 2021 IDA-38620 Int Charges 71,975.83
Sep 1, 2020 IDA-38620 Loan Repay 981,466.10
Sep 2, 2021 IDA-38620 Int Charges 593,043.90
Sep 2, 2021 IDA-38620 Int Charges 593,043.90
Sep 2, 2021 IDA-38620 Loan Repay 1,904,250.60
Sep 2, 2021 IDA-38620 Int Charges 601.32
Sep 2, 2021 IDA-38620 Int Charges 601.32
Sep 2, 2021 IDA-38620 Int Charges 20,301.41
Sep 2, 2021 IDA-38620 Int Charges 20,301.41
Sep 1, 2021 IDA-38620 Loan Repay 19,969.84
Mar 21, 2022 IDA-38620 Loan Repay 1,867,082.90
Mar 21, 2022 IDA-38620 Int Charges 38.53
Mar 21, 2022 IDA-38620 Int Charges 38.53
Mar 21, 2022 IDA-38620 Int Charges 25,124.22
Mar 21, 2022 IDA-38620 Int Charges 25,124.22
Mar 21, 2022 IDA-38620 Int Charges 563,390.80
Mar 21, 2022 IDA-38620 Int Charges 563,390.80
Mar 1, 2022 IDA-38620 Loan Repay 1,230.17
Sep 6, 2022 IDA-38620 Loan Repay 1,719,969.90
Sep 6, 2022 IDA-38620 Int Charges 729.23
Sep 6, 2022 IDA-38620 Int Charges 729.23
Sep 6, 2022 IDA-38620 Int Charges 77,312.22
Sep 6, 2022 IDA-38620 Int Charges 77,312.22
Sep 6, 2022 IDA-38620 Int Charges 467,775.60
Sep 6, 2022 IDA-38620 Int Charges 467,775.60
Mar 1, 2023 IDA-38620 Loan Repay 61,128.70
Mar 3, 2023 IDA-38620 Int Charges 490,927.80
Mar 3, 2023 IDA-38620 Int Charges 490,927.80
Sep 1, 2022 IDA-38620 Loan Repay 31,475.41
Sep 1, 2023 IDA-38620 Loan Repay 1,410.99
Mar 3, 2023 IDA-38620 Int Charges 61,981.45
Mar 3, 2023 IDA-38620 Int Charges 61,981.45
Mar 3, 2023 IDA-38620 Int Charges 183.94
Mar 3, 2023 IDA-38620 Int Charges 183.94
Mar 3, 2023 IDA-38620 Loan Repay 1,737,130.20
Oct 2, 2023 IDA-38620 Loan Repay 1,770,757.00
Oct 2, 2023 IDA-38620 Int Charges 71.33
Oct 2, 2023 IDA-38620 Int Charges 71.33
Oct 2, 2023 IDA-38620 Int Charges 538,289.80
Oct 2, 2023 IDA-38620 Int Charges 538,289.80
Feb 26, 2004 IDA-38620 Loan Commitment 200,000,000.00
Mar 4, 2024 IDA-38620 Int Charges 1,159.00
Mar 4, 2024 IDA-38620 Int Charges 1,159.00
Mar 4, 2024 IDA-38620 Int Charges 69,894.36
Mar 4, 2024 IDA-38620 Int Charges 69,894.36
Mar 4, 2024 IDA-38620 Loan Repay 3,557,931.00
Mar 1, 2024 IDA-38620 Loan Repay 34,017.77
Mar 4, 2024 IDA-38620 Int Charges 468,904.70
Mar 4, 2024 IDA-38620 Int Charges 468,904.70
Sep 1, 2013 IDA-38620 Int Charges 315.77
Mar 1, 2014 IDA-38620 Int Charges 770,435.10
Mar 1, 2014 IDA-38620 Int Charges 770,435.10
Mar 1, 2014 IDA-38620 Int Charges 307.72
Mar 1, 2014 IDA-38620 Int Charges 307.72
Mar 1, 2014 IDA-38620 Int Charges 6,772.13
Mar 1, 2014 IDA-38620 Int Charges 6,772.13
Mar 1, 2014 IDA-38620 Loan Repay 10,800.68
Mar 1, 2014 IDA-38620 Loan Repay 2,081,284.10
Sep 1, 2013 IDA-38620 Int Charges 7,124.19
Sep 1, 2013 IDA-38620 Int Charges 7,124.19
Sep 1, 2013 IDA-38620 Int Charges 754,175.44
Sep 1, 2013 IDA-38620 Int Charges 754,175.44
Sep 1, 2013 IDA-38620 Int Charges 315.77
Mar 1, 2015 IDA-38620 Loan Repay 11,585.61
Sep 1, 2014 IDA-38620 Int Charges 762,120.50
Sep 1, 2014 IDA-38620 Int Charges 762,120.50
Sep 1, 2014 IDA-38620 Int Charges 13,530.36
Sep 1, 2014 IDA-38620 Int Charges 13,530.36
Sep 1, 2014 IDA-38620 Loan Repay 12,668.30
Sep 1, 2014 IDA-38620 Loan Repay 761,827.40
Sep 1, 2014 IDA-38620 Loan Repay 1,278,354.10
Sep 1, 2015 IDA-38620 Loan Repay 328,239.56
Sep 1, 2015 IDA-38620 Loan Repay 19,939.28
Sep 1, 2015 IDA-38620 Loan Repay 25,511.25
Sep 1, 2015 IDA-38620 Loan Repay 9,269.03
Sep 1, 2015 IDA-38620 Loan Repay 1,520,467.60
Sep 1, 2015 IDA-38620 Int Charges 402,855.60
Sep 1, 2015 IDA-38620 Int Charges 402,855.60
Mar 1, 2015 IDA-38620 Loan Repay 1,891,205.60
Mar 1, 2015 IDA-38620 Int Charges 17,683.12
Mar 1, 2015 IDA-38620 Int Charges 17,683.12
Mar 1, 2015 IDA-38620 Int Charges 681,592.70
Mar 1, 2015 IDA-38620 Int Charges 681,592.70
Sep 21, 2015 IDA-38620 Int Charges 279,006.28
Sep 21, 2015 IDA-38620 Int Charges 279,006.28
Sep 1, 2016 IDA-38620 Loan Repay 1,393,943.50
Sep 1, 2016 IDA-38620 Int Charges 493,137.56
Sep 1, 2016 IDA-38620 Int Charges 493,137.56
Sep 1, 2016 IDA-38620 Int Charges 145,497.39
Sep 1, 2016 IDA-38620 Int Charges 145,497.39
Sep 1, 2016 IDA-38620 Int Charges 9,051.42
Sep 1, 2016 IDA-38620 Int Charges 9,051.42
Sep 1, 2016 IDA-38620 Int Charges 24,417.69
Sep 1, 2016 IDA-38620 Int Charges 24,417.69
Sep 1, 2016 IDA-38620 Loan Repay 6,665.92
Sep 1, 2016 IDA-38620 Loan Repay 485,998.44
Mar 1, 2016 IDA-38620 Int Charges 1,197.48
Mar 1, 2016 IDA-38620 Int Charges 1,197.48
Mar 1, 2016 IDA-38620 Loan Repay 1,868,626.20
Mar 1, 2016 IDA-38620 Int Charges 7,820.37
Mar 1, 2016 IDA-38620 Int Charges 7,820.37
Mar 1, 2016 IDA-38620 Int Charges 646,121.50
Mar 1, 2016 IDA-38620 Int Charges 646,121.50
Mar 1, 2016 IDA-38620 Int Charges 18,763.56
Mar 1, 2016 IDA-38620 Int Charges 18,763.56
Mar 1, 2016 IDA-38620 Int Charges 9,154.49
Mar 1, 2016 IDA-38620 Int Charges 9,154.49
Mar 1, 2016 IDA-38620 Int Charges 419.98
Mar 1, 2016 IDA-38620 Int Charges 419.98
Mar 1, 2017 IDA-38620 Loan Repay 8,628.04
Mar 1, 2017 IDA-38620 Loan Repay 289,511.16
Mar 1, 2017 IDA-38620 Loan Repay 24,477.07
Mar 1, 2017 IDA-38620 Loan Repay 990.16
Mar 1, 2017 IDA-38620 Loan Repay 4,593.60
Mar 1, 2017 IDA-38620 Int Charges 635,097.00
Mar 1, 2017 IDA-38620 Int Charges 635,097.00
Mar 1, 2017 IDA-38620 Loan Repay 1,494,917.90
Mar 5, 2018 IDA-38620 Int Charges 12,522.89
Mar 5, 2018 IDA-38620 Int Charges 12,522.89
Mar 2, 2018 IDA-38620 Int Charges 615,860.25
Mar 2, 2018 IDA-38620 Int Charges 615,860.25
Mar 2, 2018 IDA-38620 Int Charges 48,614.95
Mar 2, 2018 IDA-38620 Int Charges 48,614.95
Mar 2, 2018 IDA-38620 Loan Repay 624,540.06
Mar 2, 2018 IDA-38620 Loan Repay 1,335,887.00
Sep 1, 2017 IDA-38620 Loan Repay 307,794.06
Sep 1, 2017 IDA-38620 Int Charges 620,783.80
Sep 1, 2017 IDA-38620 Int Charges 620,783.80
Sep 1, 2017 IDA-38620 Loan Repay 1,260,375.50
Sep 1, 2017 IDA-38620 Int Charges 7,937.97
Sep 1, 2017 IDA-38620 Int Charges 7,937.97
Sep 1, 2017 IDA-38620 Loan Repay 348,114.75
Sep 6, 2018 IDA-38620 Int Charges 46,277.30
Sep 6, 2018 IDA-38620 Int Charges 46,277.30
Sep 6, 2018 IDA-38620 Loan Repay 614,519.75
Sep 6, 2018 IDA-38620 Int Charges 39.41
Sep 6, 2018 IDA-38620 Int Charges 39.41
Sep 6, 2018 IDA-38620 Int Charges 645,465.90
Sep 6, 2018 IDA-38620 Int Charges 645,465.90
Sep 6, 2018 IDA-38620 Loan Repay 1,276,955.40
Mar 1, 2019 IDA-38620 Int Charges 196.38
Mar 1, 2019 IDA-38620 Int Charges 196.38
Mar 1, 2019 IDA-38620 Int Charges 46,967.33
Mar 1, 2019 IDA-38620 Int Charges 46,967.33
Mar 1, 2019 IDA-38620 Loan Repay 13,940.91

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2005-06-16
Monitoring and Evaluation Satisfactory 2005-06-16
Overall Implementation Progress (IP) Satisfactory 2005-06-16
Program Management Satisfactory 2005-06-16

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT:
Outcomes
Risk to Development Outcome
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 09-08-2006PROJECT PERFORMANCE ASSESSMENT REPORT: 12-23-2011
Outcome RatingUnsatisfactory Unsatisfactory
Risk To Development OutcomeNot RatedSignificant
Bank PerformanceUnsatisfactoryModerately Unsatisfactory
Borrower PerformanceUnsatisfactoryModerately Unsatisfactory
Government PerformanceUnsatisfactoryModerately Unsatisfactory
Implementing AgencyUnsatisfactoryNot Rated
Icr QualitySatisfactoryNot Rated
M&e QualityNot RatedNegligible

Results Framework

No data available.