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Africa in focus

Navigating the economic and governance challenges of the DRC: A conversation with former Central Bank Governor Jean-Claude Masangu Mulongo

Former Central Bank Governor of the Democratic Republic of the Congo (DRC), Jean-Claude Masangu Mulongo, was recently in Washington for a private visit. Masangu Mulongo served as governor of the Central Bank of the Democratic Republic of the Congo (DRC) from 1997 to 2013 and previously was managing director of Citibank in the country. During his tenure, he led the central bank’s fight against hyperinflation, high exchange rate volatility, and financial disintermediation.

Governor Masungu Mulongo stopped by Brookings, and I had the opportunity to speak with him about the successful fiscal policies the DRC enacted under his guidance as well as his recommendations for handling the looming economic challenges the DRC will soon be facing.


Jean-Claude Masangu Mulonho explores the impacts of the drop of natural resource prices on the DRC’s economy and how the country might mitigate them:

Jean-Claude Masangu Mulonho offers a variety of recommendations to fight the DRC’s high level of bad governance and corruption, and create a system of accountability:

Jean-Claude Masangu Mulonho explains the successful policies of the DRC’s central bank in fighting hyperinflation:

Jean-Claude Masangu Mulonho discusses navigating the pros and cons of the dollarization of the DRC economy, which was implemented under his watch.

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