Democratic Republic of the Congo: Poverty Reduction and Growth Facility

Democratic Republic of the Congo: Poverty Reduction and Growth Facility—Request for an Extension

July 6, 2005

Preview Citation

Format: Chicago

Democratic Republic of the Congo: Poverty Reduction and Growth Facility—Request for an Extension, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This paper discusses Congo’s Request for an Extension for the Poverty Reduction and Growth Facility (PRGF). The extension will provide additional time for the completion of the fifth review under the PRGF. The review was delayed owing to slippages in the second half of 2004 that had led to a depreciation of the Congo franc and high inflation. As a result, three quantitative performance criteria for end-September 2004 were not met. The IMF staff supports the authorities’ request for an extension of the arrangement through October 31, 2005.

Subject: Poverty, Poverty reduction and development, Poverty reduction strategy

Keywords: Congolese authorities, CR, Extension of the Poverty Reduction and Growth Facility, Government, ISCR, Poverty reduction and development, Poverty reduction strategy, PRGF arrangement, PRGF loan, PRGF-supported program

Publication Details

Pages:

7
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/229
Stock No:

1CODEA2005001
ISBN:

9781451808377
ISSN:

1934-7685

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