Central Bank of Democratic Republic of Congo has scaled down its growth forecast for 2016, to 5.3%, from 6.6% in April and 6.9% in 2015.

The new projection is close to that of International Monetary Fund (IMF).

The institution, which forecast in September 2015 a growth rate of 9% for 2016, explained in a statement released on June 13, 2016, its decision by the slump in the prices of commodities such as copper, cobalt, tin and diamond.

DRC’s economy still depends a lot on commodities that represent 98% of the country’s export revenues.

Copper, DRC’s main mineral resource, after having its price plunging by 25% in 2015, kept on this slump since the beginning of 2016.