Republic of Congo: 2013 Article IV Consultation
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Summary:
This paper assesses the Republic of Congo’s discussions in 2013 Article IV Consultation. Though having abundance of natural resources, notably oil and iron ore, Congo has achieved limited progress in poverty alleviation, and remains vulnerable to external shocks. Weak governance and business conditions are significant constraints to private sector development and growth inclusiveness. The IMF report shows that Congo’s main challenge is to ensure long-term macroeconomic stability in the face of oil revenue volatility and exhaustibility, and to make growth more inclusive.
Series:
Country Report No. 2013/282
Subject:
External debt Fiscal policy Fiscal stance Oil prices Oil, gas and mining taxes Prices Public debt Taxes
Notes:
English
Publication Date:
September 10, 2013
ISBN/ISSN:
9781475547207/1934-7685
Stock No:
1COGEA2013001
Pages:
76
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