Democratic Republic of the Congo: Third Review of the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Request for Modification of Performance Criteria: Staff Report and Press Release on the Executive Board Discussion

July 20, 2011

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Format: Chicago

Democratic Republic of the Congo: Third Review of the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Request for Modification of Performance Criteria: Staff Report and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2011) accessed December 23, 2024

Also available in: français

Summary

Satisfactory policy implementation continues in the program under challenging conditions, but the uncertain economic, social, and political environment will test this commitment. The program is flexible to accommodate a partial pass-through of higher world oil prices to domestic fuel prices and further pro-poor spending, but ongoing fiscal discipline will be essential to achieve the program’s fiscal objectives. The implementation of revenue-enhancing measures will require political will. Executive Directors welcome the efforts to implement the broad range of reforms in extractive industries.

Subject: Banking, Credit, Expenditure, External debt, Fiscal policy, Fiscal stance, Fuel prices, Money, Prices

Keywords: Amount equivalent to SDR, Congo, Congolese authorities, CR, Credit, DRC under the Heavily Indebted Poor Countries, Fiscal stance, Fuel prices, GDP estimate, Global, Government finance statistics yearbook, ISCR

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/190
Stock No:

1CODEA2011002
ISBN:

9781462341573
ISSN:

1934-7685

Notes

Also available in French

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