Advertisement

Help
You are here: Rediff Home » India » Business » Slide Shows » Photos
Search:  Rediff.com The Web
  Email this Page  |   Write to us

Back Next

10 nations with highest inflation

May 19, 2008

8. Democratic Republic of Congo: 18.2%

Global investors do not feel that the Republic of Congo has a foreigner-friendly investment environment as it does not offer any incentive to the investor. Added to that a disorganised yet costly work force, high electricity costs, irregular supply of raw material, occasional civil unrest, political instability have only added to Congo's woes.

And even as the nation grapples with its myriad problems, the Congolese economy has been going from bad to worse. And its current rate of inflation is 18.2%.

Image: A train carrying Congolese people in Kinshasa. The terrain and climate of the Congo Basin present serious barriers to road and rail construction. | Photograph: Issouf Sanogo/AFP/Getty Images

Also read: IPL: The successful business of cricket
Back Next

© 2008 Rediff.com India Limited. All Rights Reserved.Disclaimer | Feedback