Republic of Congo: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo

June 18, 2007

Preview Citation

Format: Chicago

Republic of Congo: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Also available in: français

Summary

This 2007 Article IV Consultation highlights that the implementation of the Poverty Reduction and Growth Facility (PRGF)-supported program was broadly satisfactory for Congo in 2004–05. However, expenditure overruns and delays in structural reforms pushed the program off track in 2006. Discussions are continuing on an IMF staff-monitored program aimed at establishing a solid track record that could pave the way for resuming discussions on the PRGF-supported program. Macroeconomic performance was mixed in 2006. Real GDP growth is estimated at 6.1 percent in 2006. The outlook for 2007 and the medium term is uncertain.

Subject: Commodities, Expenditure, Fiscal policy, Fiscal stance, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Congolese authorities, Consumer price inflation, CR, Deficit, Expenditure data, Fiscal stance, Gas and mining taxes, Growth, ISCR, Oil, Oil GDP growth, Oil prices, Staff appraisal, Sub-Saharan Africa

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/205
Stock No:

1COGEA2007001
ISBN:

9781451808629
ISSN:

1934-7685

Notes

Also available online in French

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