世界银行-刚果民主共和国经济更新，2025年7月：重新评估税收激励措施——未能实现预期的增长和公平（英）

July 2025 Falling Short of Promised Growth and EquityECONOMIC UPDATEDEMOCRATIC REPUBLIC OF CONGOReassessing Tax Incentives:Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure Authorized© 2025 The International Bank for Reconstruction and Development/THE WORLD BANK1818, H street NW, Washington, DC20433USAAll rights reservedPhotos : Pexels, UnsplashDRC ECONOMIC UPDATEReassessing Tax Incentives: Falling Short of Promised Growth and EquityACKNOWLEDGMENTSThe DRC Economic Update (DRCEU) evaluates the recent growth performance and mac-roeconomic policies in the Democratic Republic of Congo (DRC), thus providing a basis for policy dialog with the Government and other stakeholders. The first section of the Economic Update evaluates the drivers of growth and the macroeconomic framework. Three-year perspectives are also included, underlining risks and challenges. The second section evaluates tax expenditures in more detail, focusing on their recent evolution and the economic impact of tax incentives. The macroeconomic projections are based on data available as of April 24, 2025.This Economic Update was prepared by a multidisciplinary team led by Cedric Deguenonvo (Senior Economist) under the guidance of Chadi Bou Habib (Lead Economist). The team in-cludes Moise Tshimenga Tshibangu (Economist), Aly Sanoh (Senior Economist), Sandra El Saghir (Senior Economist), Rajiv Kumar (Senior Economist), Francisco Javier Arias Vazquez (Senior Economist), Sabrina Gilbert (Consultant) and Kaushiki Singh (Consultant). Paulin Shamavu Balungwe (Public Sector Specialist) provided valuable input on public financial management reform issues.The report was prepared under the overall guidance and supervision of Albert Zeufack (Division Director), Hassan Zaman (Regional Practice Director), and Abha Prasad (Practice Manager).The team thanks Jean-Pascal Nganou (Program leader) for helpful comments and sug-gestions; and well as the staff from the Central Bank of Congo, the Ministry of Finance and the Ministry of Planning, for their constructive engagement during the preparation of the report. Artificial Intelligence was used in the preparation of this report.It benefited from constructive comments from the following peer reviewers: Samer Matta (Senior Economist, EAWM2) and Violeta Vulovic (Senior Economist, EMFTX). The findings, interpretations, and conclusions expressed in this DRCEU are those of World Bank staff and do not necessarily reflect the views of the Executive Board of The World Bank or the governments they represent.For information about the World Bank and its activities in DRC, including e-copies of this publication, please visit: https://www.worldbank.org/en/country/drc.Reassessing Tax Incentives: Falling Short of Promised Growth and Equity| iCONTENTSAcknowledgments iAbbreviations and Acronyms viExecutive Summary viiSection 1 : The State of the Economy and Outlook 11.1 Recent economic developments