IMF Staff Country Reports

Republic of Congo: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document

Publication Date:

April 24, 2006

Electronic Access:

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Summary:

This paper on the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) for the Republic of Congo explains medium-to-long-term strategy for poverty reduction. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing macroeconomic, financial, and structural reforms. Debt relief under the enhanced HIPC Initiative is expected to reduce Congo’s external debt by about one-third. The authorities have emphasized that Congo’s external debt remains unsustainably high and could further delay its economic and social reform programs.

Series:

Country Report No. 2006/148

Subject:

Arrears Asset and liability management Debt Relief Debt service External debt Oil Oil, gas and mining taxes Public debt

Notes:

Also available online in French