Republic of Congo: Staff Report for the 2004 Article IV Consultation and a New Staff-Monitored Program

August 2, 2004

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Format: Chicago

Republic of Congo: Staff Report for the 2004 Article IV Consultation and a New Staff-Monitored Program, (USA: International Monetary Fund, 2004) accessed November 22, 2024

Summary

This paper examines Congo’s 2004 Article IV Consultation and New Staff-Monitored Program (SMP). In the context of improved security, the pace of economic activity in the non-oil sector has increased. Non-oil real GDP increased by about 10 percent per year on average during 2000–03. Consumer price inflation decelerated significantly in the postwar period. The fiscal position in 2003 improved from the exceptionally poor performance of 2002, but the underlying fiscal effort was weak relative to the 2003 budget.

Subject: Arrears, Commodities, Economic sectors, External debt, Oil, Oil sector, Oil, gas and mining taxes, Taxes

Keywords: Arrears, Congolese authorities, CR, Gas and mining taxes, Global, Government, Implementation of the staff-monitored program, ISCR, Oil, Oil revenue certification, Oil sector, PRGF negotiations, Staff appraisal

Publication Details

Pages:

105
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/232
Stock No:

1COGEA0022004
ISBN:

9781451808544
ISSN:

1934-7685

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