News | Oil
| DR Congo Scores High on Growth, Lags in Poverty Reduction: IMF | |
International Monetary Fund - October 13, 2015 | |
 | The IMF’s latest annual economic assessment indicates that while growth rates for 2014 were as high as 9.2 percent, poverty rates in the DRC are still among the highest in the world. And while the report notes some social improvements, like better access to education, it’s unlikely the DRC will achieve any of the Millennium Development goals. |
| Congo Improves Natural Resources Accounting | |
VOA News - July 4, 2014 | |
 | The Democratic Republic of Congo, faulted last year for murky reporting on its earnings from natural resources, has improved its accounting enough to be awarded full membership in an international organization touting transparency. |
| DR Congo Takes Chairmanship of COMESA at Summit in Kinshasa | |
Radio Okapi - February 26, 2014 | |
 | DR Congo’s President Joseph Kabila took the chairmanship of the Common Market for Eastern and Southern Africa (COMESA) on Wednesday at the opening of the 17th Summit of Heads of State and Government of the organization in Kinshasa. “After 20 years of growth characterized by an exemplary dynamism, COMESA has become a powerful tool for promoting the development of its member states as well as the integration of their economies,” Mr. Kabila said. |
| Deforestation Slows in Congo Basin | |
VOA News - July 22, 2013 | |
 | Tree loss in the Congo Basin rainforest is slowing down, according to a new study published Monday. The Congo Basin rainforest is the world's second largest, after the Amazon, and scientists say the study is good news for the global environment. |
| DR Congo, IMF to Co-Host Conference on the Management of Natural Resources | |
International Monetary Fund - March 13, 2012 | |
| DR Congo and the 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 event will bring together policy makers, stakeholders, academics, and civil society from around the world. |
| DR Congo, South Korea Sign Cooperation Agreements | |
Le Potentiel - July 8, 2011 | |
 | South Korean President Lee Myung-Bak and President Joseph Kabila held a summit in Kinshasa on Thursday to promote practical cooperation in energy, resources development, infrastructure construction projects, and agriculture. |
| Global Witness welcomes DR Congo's decision to publish resource contracts | |
Global Witness - June 3, 2011 | |
 | A decree published this week by the Democratic Republic of Congo commits the government to disclose all natural resource contracts within 60 days of their coming into effect. The decision is a welcome move which could help reduce corruption in the country if fully implemented, Global Witness said today. |
| DR Congo blocks oil search in Virunga National Park | |
BBC News - March 18, 2011 | |
 | The Democratic Republic of Congo has rejected a bid by the UK's Soco International to search for oil in the Virunga National Park, a World Heritage site home to rare mountain gorillas. |
| Expulsions mark rising tensions over resources | |
IRIN - October 28, 2010 | |
 | Angola's "very violent" expulsion of about 200 Democratic Republic of Congo nationals from its territory this month is a sign of the increasing "bad blood" between the neighbours that analysts believe revolves around border demarcations and conflicting claims to resources, particularly oil. |
| U.S. passes landmark reforms on resource transparency | |
Global Witness - July 15, 2010 | |
 | Provisions in the Financial Reform Act will require oil, gas and mining companies registered with the Securities and Exchange Commission to publicly disclose their tax and revenue payments to governments around the world. The Act will also require companies whose products contain cassiterite (tin ore), coltan, wolframite and gold to disclose to the SEC whether they are sourcing these minerals from the Democratic Republic of Congo or adjoining countries. |
