Democratic Republic of the Congo: Staff Report for the 2003 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria

June 16, 2003

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Democratic Republic of the Congo: Staff Report for the 2003 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 22, 2024

Summary

This paper examines the Democratic Republic of the Congo’s 2003 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility (PRGF), and Request for Waiver of Performance Criteria. Through September 2002, overall performance under the PRGF-supported program was broadly satisfactory, with good progress in the structural area. The annualized rate of inflation for the first nine months of 2002 reached 11 percent, down from 135 percent in 2001. Economic growth is expected to be positive for the first time in 13 years.

Subject: Arrears, Asset and liability management, Banking, Currencies, Debt relief, Debt service, Expenditure, External debt, Money

Keywords: Africa, Arrears, Congo, Congolese authorities, CR, Currencies, Debt relief, Debt service, DRC's nonobservance, Government, ISCR, Nonobservance of performance criteria, PRGF arrangement, PRGF loan, Sub-Saharan Africa

Publication Details

Pages:

139
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/161
Stock No:

1ZAREA0012003
ISBN:

9781451841121
ISSN:

1934-7685

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