IMF Staff Country Reports

Democratic Republic of the Congo: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Financing Assurances Review—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo

February 22, 2011

Download PDF

Preview Citation

Format: Chicago

Democratic Republic of the Congo: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Financing Assurances Review—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo, (USA: International Monetary Fund, 2011) accessed December 21, 2024

Also available in: français

Summary

The IMF’s Executive Board completed the first review under the Extended Credit Facility (ECF) arrangement in June 2010 and decided that the Democratic Republic of Congo (DRC) had reached the completion point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. In 2010, an improvement in global economic conditions supported strong macroeconomic performance; however, weaknesses in the financial sector were also exposed. The authorities recognized the importance of strengthening the independence and effectiveness of the central bank to sustain low and stable inflation.

Subject: Asset and liability management, Banking, Debt relief, Expenditure, External debt, Fiscal policy, Fiscal stance, Public financial management (PFM)

Keywords: Authority, Congo, Congolese authorities, CR, Debt relief, Disbursement of SDR, DRC's wealth, Exchange rate depreciation, Fiscal stance, Global, HIPC debt relief, ISCR

Publication Details

  • Pages:

    56

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/054

  • Stock No:

    1CODEA2011001

  • ISBN:

    9781455217700

  • ISSN:

    1934-7685

Notes

Also available in French

You May Also Be Interested In...

How Has Dollarization Served Timor-Leste So Far?

December 20, 2024

Chasing the Dream: Industry-Level Productivity Developments in Europe

December 20, 2024

A Confidence-Financial Inclusion Nexus in the Caucasus and Central Asia?

December 20, 2024

Ukraine: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

December 20, 2024