Republic of Congo: 2013 Article IV Consultation

September 10, 2013

Preview Citation

Format: Chicago

Republic of Congo: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed December 25, 2024

Also available in: français

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.

Subject: External debt, Fiscal policy, Fiscal stance, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes

Keywords: Authorities of the Republic of Congo, CR, Debt relief, Financial situation, Fiscal stance, Gas and mining taxes, GDP, Global, IMF staff estimate, ISCR, Oil, Oil prices, Oil revenue, Policy coordination, Policy discussion, Real GDP, Solid windowtext 0.1pt, Staffs IMF, Sub-Saharan Africa, Windowtext 0.1pt, World oil price

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/282
Stock No:

1COGEA2013001
ISBN:

9781475547207
ISSN:

1934-7685

Notes

Also available in French

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