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

September 24, 2007

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Democratic Republic of the Congo: 2007 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2007 Article IV Consultation highlights that the Democratic Republic of the Congo (DRC) has made significant economic and political progress since 2001, after years of conflict and political instability. Adoption of prudent macroeconomic policies resulted in rapid disinflation and the stabilization of the exchange rate. The implementation of structural reforms made the economy more open, removed major price distortions, and strengthened macroeconomic policy management. Executive Directors have encouraged the new government to work with all parties to improve security and bring peace to all country provinces.

Subject: Asset and liability management, Debt relief, Expenditure, External debt, Public and publicly-guaranteed external debt, Public debt

Keywords: Africa, Bill equivalent, Budget call, Central Africa, Congo, Congolese authorities, CR, Debt relief, Debt relief, Government, ISCR, Pay raise, Public and publicly-guaranteed external debt, Public-private partnership contract, Real GDP, Southern Africa, Sub-Saharan Africa, Transition government, Wage bill equivalent

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/327
Stock No:

1CODEA2007001
ISBN:

9781451808414
ISSN:

1934-7685

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