This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between the Republic of the Congo and the IMF. Additional information can be found on Republic of the Congo and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with the Republic of the Congo.

Congo and the IMF Country Page

At a Glance

  • Current IMF membership: 191 countries
  • Republic of the Congo joined the Fund in July 10, 1963; Article VIII
  • Total Quotas: SDR 162 Million
  • Loans outstanding: PRGF/ECF Arrangements SDR 16.32 Million
  • Last Article IV Consultation: The 2015 Article IV consultation staff report was discussed by the Executive Board on June 1, 2015 (Country Report No. 15/263)

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News and Highlights

  • Article related to the SSA REO Presentation

    Article in French from La Semaine africaine

    December 3, 2019

  • IMF Brazzaville Office Retreat

    On December 2, the IMF Brazzaville office went on a retreat led by Ms. Alice Rwigema on ways to make the office more effective. Ms. Rwigema has many years’ experience in leading teams in West and Central Africa covering issues such as clarifying organizational objectives and creating clear pathways for achieving them, individual accountability and team performance. It is now up to the office to put these elements in practice.

    December 2, 2019

  • Article related to the SSA REO, and the Domestic Arrears Situation

    Article in French from La Dépêche de Brazzaville

    November 26, 2019

  • Presentation to the Ministry of Foreign Affairs on the New IMF Program

    The IMF Res Rep was invited to launch the second annual series of discussions and reflections at the Ministry of Foreign Affairs on the topic of the recently agreed three year Fund-supported Extended Credit Facility with the Congo. The meeting was presided by the Minister of Foreign Affairs and the World Bank representative Madame Ouatarra provided her views on the nature of World Bank support to the Congo.

    October 15, 2019

  • The Fifth China-Africa Forum Took Place in Republic of Congo (September 10-12)

    During three days (September 10-12), the fifth China-Africa Investment Forum took place in Kintele International Conference Center, about 20 minutes north of the Congo capital Brazzaville. Five Presidents were present for the first few sessions (Angola, DRC, CAR, Equatorial Guinea, and Rwanda) in addition to the host President Sassou-Nguesso. The IMF mission chief Alex Segura was a panelist in a session on the future of work in a digitized Africa. Many discussions took place on the margins of the forum looking to enhance investment opportunities in the Republic of Congo and in other African countries.

    September 12, 2019

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Republic of Congo and the IMF

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Regional Economic Outlook for Sub-Saharan Africa

October 25, 2024

Regional Economic Outlook: Sub-Saharan Africa: Reforms amid Great Expectations, October 2024

Reforms amid Great Expectations

Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Read the Report

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Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF

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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.