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Promotion of Industry as Factor of Stabilization
& Peace Consolidation
Economics and Peace Consolidation:
Focus on the DR ...
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Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014...
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Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014...
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Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014...
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Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014...
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Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014...
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Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014...
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Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014...
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Economics and Peace Consolidation: Focus on The DR Congo

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Presentation delivered on 20 November 2014.

The UN day (20 November 2014) was dedicated to Promotion of Industry as Factor of Stabilization & Peace Consolidation


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Economics and Peace Consolidation: Focus on The DR Congo

  1. 1. Promotion of Industry as Factor of Stabilization & Peace Consolidation Economics and Peace Consolidation: Focus on the DR Congo by Laure Gnassou, Economic Affairs Officer Kinshasa, The DRC MONUSCO 20 November 2014
  2. 2. 2 Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014 OUTLINE INTRODUCTION: Economics & Peace in the World at Glance 1. The DRC Macroeconomic Developments in 2014 2. Impact of Insecurity in Eastern DRC on Macroeconomic Developments 3. Addressing Conflict Economy in Eastern DRC: Transition from Militarized Economy to Peace Economy CONCLUSION
  3. 3. 3 Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014 INTRODUCTION: Economics & Peace at Glance Graph 1. Missions Directed by the UN Department of Peacekeeping Operations 1. Key Role of UN Missions * 17 UN Missions in the World - MINUSMA, Mali - MINUSCA, CAR - UNMIL, Liberia - UNOCI, Ivory Coast - UNAMID, Darfur - UNMISS, South Sudan - UNISFA, Abyei - MONUSCO, The DRC * 8 Peacekeeping Missions in Sub-Saharan Africa or 47% of UN Missions (Budget for fiscal year 2014-2015:USD 1.38 billion) (CAR) Economics Peace (Stable Political & Security Environments)
  4. 4. 4 Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014 Mali , 5.9% The DRC, 8.6% Liberia, 2.5% Ivory Coast, 8.5% CAR, 1% Sudan, 3% 0 2 4 6 8 10 In % Graph 2. Real GDP Growth of African Economies Hosting a Peacekeeping Mission Source: IMF, The World Economic Outlook, October 2014. - Rent-Based Economies - Predominance of Informal sector - Leading countries in terms of real GDP growth in 2014: The DRC & Ivory Coast - Bottom countries countries in terms of real GDP growth in 2014 : CAR & South Sudan 2. UN Peacekeeping Missions & Economies in Sub-Saharan Africa 1. Norway 2. Australia 3. Switzerland * UNDP Human Development Index in 2014 (HDI)- Ranking 166. Sudan 171. Ivory Coast 175. Liberia 176. Mali 185. CAR 186. The DRC Bottom Countries 4. The Nertherlands 5. The United States Top Countries * 8 Developing Countries * Low-Incomes Countries + Political & Security Concerns Conflict Economies? Note: No information available on the real GDP growth of South Sudan.
  5. 5. 5 Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014 1. The DRC Macroeconomic Developments in 2014 In 2014 Real Gross Domestic Product (GDP) Growth : 8.6% Other Macroeconomic Indicators * Annual Inflation Rate: 1.28% Graph 2. Real GDP Growth of the DRC from 2000 to 2014 Source: Central Bank of Congo (BCC), Statitstics Department, 2013 & IMF, The World Economic Outlook, October 2014. 19 November 2014 * 2015 Draft State Budget: USD 8,930,058,729 USD 1= CDF 926.63 -8 -6 -4 -2 0 2 4 6 8 10 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 in %
  6. 6. 6 Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014 Armed Groups * Military Operations (FARDC & MONUSCO assistance) * Mediation (armed groups/Government & the international community support) 2.1. Volatile Security Situation in Eastern DRC - Increase in Human rights violations and IDPs - Disruption of Economic Activities * Dynamic of Conflict Minerals, illegal taxation system * Negative Impact on Macroeconomic Developments (increase in budgetary expenditures, mainly due to sovereignty-related spending) 2.2. Attempts at Addressing Security Crisis in Eastern DRC Graph 2. Main Eastern Provinces Source: MONUSCO Map, 14 May 2012. 2. Impact of Insecurity in Eastern DRC on Macroeconomic Developments Tools
  7. 7. 3 Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014 7/9 Governance of Mining Sector (Artisanal & Industrial) (Optimal situation) Security in the Rift Graben (Optimal situation) Relative Macroeconomic Stability Including Conducive Business Climate (Optimal situation) Infrastructure & Energy (Optimal situation) 3. Addressing Conflict Economy in Eastern DRC: Transition from Militarized Economy to Peace Economy Eastern DRC Addressing infrastructure and energy deficit throughout the country, notably Eastern DRC (Ongoing) Addressing insecurity in the Rift Graben (Ongoing) Addressing conflict minerals spiral in Eastern DRC Creation of growth poles around industrial projects including Kibali Gold Mine (Ituri) and Banro (South Kivu) (Ongoing) Improving macroeconomic stability and business climate (Foreign Direct Investment (FDI) inflows to the DRC – in 2013- USD 2,098,000,000) (Ongoing)
  8. 8. 8 Economics and Peace Consolidation: Focus on the DRC by Laure Gnassou, Economic Affairs Officer MONUSCO, 20 November 2014 CONCLUSION Better Political and Security Environment throughout the DRC 1. Relative Macroeconomic Stability 2. Enhancing Private Sector Development (Job Creation – Better Purchasing Power) 3. Pro-Poor Spending (Generic Welfare State – ensuring Social Minima for Population) Sustainable & Inclusive Economic Development in the DRC Structural Reforms Thank you

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