Q: What is the outlook for the Democratic Republic of Congo’s (DRC’s) economy in 2024, and what does this mean for Rawbank?
A: The DRC’s economic growth is closely linked to commodity prices, and to copper in particular. Prices have been firm in 2023 and we don’t see them softening too aggressively in the new year. Major Western economies appear to be chugging along even in the current higher interest rate environment. We expect rates to remain higher for longer, which should sustain commodity prices into 2024.
