Economic challenges that Democratic Republic Of Congo (D.R.C) faced in 1970’s

The following are economic challenges that Democratic Republic Of Congo (D.R.C) faced in 1970’s.

  • Corruption and mismanagement of the economy. Mobutu was the richest president in the world while Zairians became the poorest people in the world.
  • Inflation due to power struggle and corruption. By 1980, the country’s currency was not worthy the paper on which it was printed.
  • There was also a problem of heavy foreign debt. The country was unable to service her debts. By 1980, Zaire had become the world’s third biggest debtor nation.
  • There was a standstill in the economic activities and disruption of railway transport due to civil wars in the country and neighbouring Angola.
  • The period also witnessed fall in world copper prices and increase in oil prices
  • Lack of a sound economic policy

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