S&P Affirms DRC Credit Rating Amid Strong Copper Demand
The Democratic Republic of Congo's (DRC) credit rating was affirmed at 'B-' by S&P Global Ratings, with a positive outlook. This reflects the country's contained budget deficits and stronger international reserves despite ongoing military conflict in the east and an Ebola outbreak.
The rating agency forecasts GDP growth to average 5.5% over 2026-2029, driven primarily by high demand for copper and cobalt. These key export products will see increased production in 2026, led by higher output from China's CMOC at the Tenke Fungurume mine.
The DRC's economy is characterized by low income levels, with a GDP per capita of approximately $1,100 projected for 2026. Foreign currency reserves have been bolstered to $8.2 billion as of late June 2026, supported by a narrowing current account deficit and strong foreign direct investment flows.