Republic of Congo: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative: Preliminary Document

November 2, 2005

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Republic of Congo: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative: Preliminary Document, (USA: International Monetary Fund, 2005) accessed December 23, 2024

Summary

This paper reviews the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative of the Republic of Congo. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing financial and structural reforms, but large challenges remain. The overall improving political and security conditions allowed the authorities to make good progress toward restoring macroeconomic and financial stability. Debt relief under the enhanced HIPC Initiative would reduce Congo’s external debt by nearly one-half.

Subject: Arrears, Asset and liability management, Debt relief, Debt service, Debt service ratios, External debt

Keywords: Africa, Arrears, CFA franc, Congolese authorities, CR, Debt relief, Debt service, Debt service ratios, Debt situation, Debt-service reduction, Economic recovery, Exchange rate, Exports-to-GDP ratio, Government of Congo, Helping Congo, IMF debt service, ISCR, NPV calculation, NPV terms, Private sector, Real GDP, Sub-Saharan Africa, Taxpayer relation

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/391
Stock No:

1COGEA2005005
ISBN:

9781451808599
ISSN:

1934-7685

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