Republic of Congo: First Review Under the Poverty Reduction and Growth Facility Arrangement, and Requests for Waiver of Performance Criteria and Modification of Performance Criterion

August 25, 2005

Preview Citation

Format: Chicago

Republic of Congo: First Review Under the Poverty Reduction and Growth Facility Arrangement, and Requests for Waiver of Performance Criteria and Modification of Performance Criterion, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Also available in: français

Summary

The staff report for the First Review Under the Poverty Reduction and Growth Facility on the Republic of Congo highlights economic development and fiscal policy. Reflecting the rise in oil prices, the fiscal and current account balance position improved significantly. Congo’s medium-term prospects have improved significantly because of the rise in oil prices, notwithstanding the downward revision of oil production. In the banking sector, the government’s key objectives are to promote greater market discipline and improve the governance framework as regards bank loans. Although Congo’s recent progress provides a good basis for continued program implementation, important risks remain.

Subject: Arrears, Commodities, External debt, Oil, Oil prices, Oil, gas and mining taxes, Poverty, Poverty reduction strategy, Prices, Taxes

Keywords: Africa, Arrears, Congolese authorities, CR, Financial operations table, Gas and mining taxes, Global, Government, Internet site, ISCR, Oil, Oil prices, Poverty reduction strategy, PRGF arrangement, PRGF loan, PRGF-supported program, Sub-Saharan Africa

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/301
Stock No:

1COGEA2005004
ISBN:

9781451808582
ISSN:

1934-7685

Notes

Also available online in French

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