Global ratings agency S&P revised the Democratic Republic of Congo’s outlook to “positive” from “stable” on Friday.
The agency highlighted expected improvements in tax administration, fiscal performance, and reforms supported by the International Monetary Fund.
Favourable trade terms, rising exports, and strong demand for copper and cobalt are also boosting Congo’s economic prospects.
S&P projects real GDP growth averaging about 5% through 2028, outpacing regional peers amid firm global demand for minerals.
Robust mining output is expected to drive the economy, strengthen foreign currency reserves, and underpin fiscal stability in Kinshasa.
The decision follows a cautiously optimistic IMF assessment of Congo’s economy and its ongoing program review with the government.
The Fund, however, cautioned that commodity price swings and persistent eastern conflict with Rwanda-backed rebels remain major risks.
This week, Congo announced plans to issue its first Eurobond, targeting $750 million to leverage low debt and IMF support.
Finance Minister Doudou Fwamba Likunde said S&P’s revision will boost investor confidence ahead of the international debt market debut.
The government described the move as recognition of Congo’s resilience and ongoing efforts to strengthen macroeconomic stability.
The country retained its “B-” long-term and “B” short-term local- and foreign-currency sovereign credit ratings from S&P.