Republic of Congo: Selected Issues

July 29, 2024

Download PDF More Formats on IMF eLibrary Order a Print Copy

More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. African Dept. "Republic of Congo: Selected Issues", IMF Staff Country Reports 2024, 252 (2024), accessed November 12, 2024, https://doi.org/10.5089/9798400285165.002

Export Citation

ProCite
RefWorks
Reference Manager

BibTex
Zotero

EndNote

Summary

This Selected Issues paper focuses on the macroeconomic impacts of government domestic arrears in the Republic of Congo. Authorities have intensified mitigating efforts including improving fiscal space to accelerate repayment, improving debt transparency to allow for rapid recognition of arrears, and launching major reforms to improve prevention. Looking ahead, maintaining the pace of reform will be crucial. Priorities include further strengthening of fiscal buffers to ensure timely repayment, enhance debt coverage and transparency reforms to allow a holistic view of public debt, accelerating debt and PFM reforms to allow better management and control. Repayment efforts have accelerated but have failed in reducing arrears stock due to the inclusion of new stock of arrears. The effective implementation of the restructuring of the debt management office and related reforms especially the hiring of staff and their training to improve capacity and the operation of a new procedure manual will be crucial to enhance the effectiveness of the debt management office.

Subject: Energy subsidies, Environment, Expenditure, Financial inclusion, Financial markets, Fuel prices, Natural disasters, Prices, Revenue administration

Keywords: Adaptation investment, Arrears repayment, Clearance plan, Congo's diversification objective, Diversification strategy, DRF strategy, Energy subsidies, Financial inclusion, Fuel prices, Global, Natural disasters, Petroleum import cost, Sub-Saharan Africa, Tax efficiency score

Publication Details

Pages:

70
Volume:

2024
DOI:

https://doi.org/10.5089/9798400285165.002
Issue:

252
Series:

Country Report No. 2024/252
Stock No:

1COGEA2024003
ISBN:

9798400285165
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports