Republic of Congo: Review of Performance under the Staff-Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

January 10, 2005

Preview Citation

Format: Chicago

Republic of Congo: Review of Performance under the Staff-Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2005) accessed December 23, 2024

Also available in: français

Summary

This paper reviews Congo’s Performance Under the Staff-Monitored Program (SMP) and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility. Improvements in the political environment and an increased focus on economic management since late 2002 have already led to stronger economic growth and lower inflation. The 2004 SMP produced good results. All the program’s quantitative budgetary and financial indicators were met. Major progress was made in improving oil sector transparency with the widespread dissemination of information on the Internet, which is particularly noteworthy and exemplary among countries in Africa.

Subject: Arrears, Economic sectors, External debt, Oil sector, Oil, gas and mining taxes, Poverty, Poverty reduction strategy, Taxes

Keywords: Africa, Arrears, Congolese authorities, CR, E&P Congo, Gas and mining taxes, Government, ISCR, Oil, Oil sector, Poverty reduction strategy, PRGF arrangement, PRGF loan, Staff appraisal

Publication Details

Pages:

109
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/007
Stock No:

1COGEA2005001
ISBN:

9781451808551
ISSN:

1934-7685

Notes

Also available online in French.

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