Democratic Republic of the Congo: Request for the Rapid-Access Component of the Exogenous Shocks Facility and Report on the 2008 Staff Monitored Program

December 15, 2009

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Democratic Republic of the Congo: Request for the Rapid-Access Component of the Exogenous Shocks Facility and Report on the 2008 Staff Monitored Program, (USA: International Monetary Fund, 2009) accessed December 21, 2024

Also available in: français

Summary

This paper discusses a request from Congo for the Rapid-Access Component of the Exogenous Shocks Facility. Performance on the 2008 staff-monitored program was mixed, complicated by the effects of the exogenous shock. Although weaknesses remain, the authorities strengthened public financial management, particularly with regard to urgent government expenditure. They also made progress in addressing IMF staff’s concerns about the debt sustainability implications of the Sino-Congolese mining and infrastructure cooperation agreement. The authorities are committed to implementing appropriate adjustment policies.

Subject: Asset and liability management, Bank deposits, Credit, Currencies, Debt relief, Financial services, Fiscal policy, Fiscal stance, Money

Keywords: Bank deposits, Congo, CR, Credit, Currencies, Debt relief, DRC authorities, Fiscal stance, Global, Government, Impact of the financial crisis, ISCR, Near-term impact, OPI, Regularization of payment, Staff appraisal

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/317
Stock No:

1CODEA2009001
ISBN:

9781451808469
ISSN:

1934-7685

Notes

Also available in French

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