062_Global12_InFocus_DRC_V8

Global issue 12

In Focus Th e Democratic Republic of Congo Matata takes on a daunting economic challenge Decades of fi nancial mismanagement, a culture of corruption and the ravages of war have left the Democratic Republic of Congo languishing at the bottom of global development and economic league tables. But could Augustin Matata Ponyo, the newly appointed prime minister, be the man to turn the country around? Mélanie Gouby After three years of relative stability that business to a standstill in an area already countries in the world, it is also a fi nancial brought hopes for development, 2012 has devastated by decades of war. Ranked bot- ‘Wild West’ where most of the economy is been a diffi cult year for the Democratic tom of the UN’s Human Development In- informal, making it diffi cult for the state to Republic of Congo (DRC). A dormant con- dex and 78th out of 183 countries by the retrieve the taxes essential to development. fl ict has reignited in the east of the country, World Bank in its ‘Doing Business 2012’ And to make matters worse, corruption is impeding development efforts and bringing report, Congo is not only one of the poorest rife throughout the country. Credit: © Marc Hofer/European Union, 2012 62 lwww.global-briefing.org fourth quarter 2012global


Global issue 12
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