Democratic Republic of the Congo: Technical Assistance Report-Operationalization of the Statutory Special Bank Resolution Regime

The report outlines the efforts of the International Monetary Fund to assist the Central Bank of the Congo (BCC) in operationalizing a special resolution regime for credit institutions. This initiative implements key recommendations from the Financial Sector Stability Review mission conducted by the Monetary and Capital Markets Department in 2022. The project involved enhancing staff capacity and operationalizing resolution tools like partial sale and bridge institution. Key recommendations focus on the establishment of a resolution function within the BCC, the implementation of the liquidation power established in the new law, drafting resolution plans and ensuring that resolution tools will be supported by an adequate resolution funding mechanism. These measures aim to strengthen the financial safety net and the crisis management capabilities of the Democratic Republic of the Congo.