Press Release No. 12/78

Press Release: The Democratic Republic of Congo and the IMF to Co-Host High Level Conference On the Management of Natural Resources in Sub-Saharan Africa

March 13, 2012

The Government of the Democratic Republic of Congo and the International Monetary Fund (IMF) will co-host a high-level conference on the “Management of Natural Resources in Sub-Saharan Africa”, on March 21-22, 2012 in Kinshasa. The goal of the conference is to present the latest analysis and thinking on macroeconomic policies and the management of natural resource revenue, and elaborate on how this might effect the policy dialogue with Sub-Saharan African countries. It will also cover tax policy, administration, and regulatory frameworks conducive to good management of natural resources with particular focus on how to make them work in the context of weak institutional capacity.

The event will bring together policy makers, stakeholders, academics, and civil society from around the world. It will provide an opportunity to discuss the best ways to ensure effective management of the large flows generated by extractive industries—oil, forestry, and mining—within local institutional environments.

The conference is being made possible because of financial support from the Government of the Democratic Republic of Congo, the United Kingdom’s Department for International Development, the IMF’s Central African Regional Technical Assistance Center, and the Managing Natural Resource Wealth Topical Trust Fund, which is financed by the European Union, Norway, Australia, Switzerland, the Netherlands, Oman, and Kuwait.