The Republic's sovereign debt and fiscal reference
Core debt indicators, fiscal trajectory, sovereign ratings and key reference documents — the institutional overview for the DRC's sovereign credit profile.
A disciplined and transparent sovereign credit profile
The Democratic Republic of the Congo maintains a public debt-to-GDP ratio well below the regional median, anchored by a multilateral concessional core and a clear medium-term debt management strategy. The inaugural Eurobond, issued in 2021, has opened capital-market access and is complemented by active engagement with the IMF and multilateral partners. The primary balance returned to surplus in 2025 — a key milestone in the fiscal consolidation programme — and the debt trajectory remains on a declining path relative to GDP.
Debt, reserves and fiscal indicators at a glance
Medium-term debt management strategy
The Republic's debt management strategy targets a declining debt-to-GDP trajectory, a diversified creditor base anchored on multilateral concessional financing, and the progressive development of domestic capital markets. Transparency and predictable investor communication are core operating principles, aligned with IMF programme conditionality and international best practice for sovereign debt management.
Revenue mobilisation, expenditure control and a primary surplus trajectory anchored by the IMF programme.
Regular official disclosure of debt composition, service schedule and key fiscal indicators aligned with international standards.
Eurobond market presence, direct investor relations and structured engagement with ratings agencies and multilateral partners.
Long-term foreign-currency ratings
Current ratings from Moody's and S&P Global. For agency reports and full rating history, see the dedicated Ratings & Reports section.