Republic of Congo: First Review Under the Poverty Reduction and Growth Facility Arrangement, and Requests for Waiver of Performance Criteria and Modification of Performance Criterion
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The staff report for the First Review Under the Poverty Reduction and Growth Facility on the Republic of Congo highlights economic development and fiscal policy. Reflecting the rise in oil prices, the fiscal and current account balance position improved significantly. Congo’s medium-term prospects have improved significantly because of the rise in oil prices, notwithstanding the downward revision of oil production. In the banking sector, the government’s key objectives are to promote greater market discipline and improve the governance framework as regards bank loans. Although Congo’s recent progress provides a good basis for continued program implementation, important risks remain.
Series:
Country Report No. 2005/301
Subject:
Arrears Commodities External debt Oil Oil prices Oil, gas and mining taxes Poverty Poverty reduction strategy Prices Taxes
Notes:
Also available online in French
English
Publication Date:
August 25, 2005
ISBN/ISSN:
9781451808582/1934-7685
Stock No:
1COGEA2005004
Pages:
80
Please address any questions about this title to publications@imf.org