IMF Staff Country Reports

Republic of Congo: Selected Issues

Publication Date:

February 25, 2009

Electronic Access:

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Summary:

This Selected Issues Paper for the Republic of Congo discusses economic development and policies. Domestic prices of refined petroleum products are administratively set by the authorities below import parity. Non-oil revenue in 2007 has remained about 20 percent of non-oil GDP, compared with overall fuel subsidies of about 8.3 percent of non-oil GDP. The fuel pricing policy and subsidy scheme have been established by the authorities to protect low-income households from rising energy prices.

Series:

Country Report No. 2009/072

Subject:

Energy subsidies Expenditure Exports Foreign exchange Fuel prices Income International trade National accounts Oil exports Prices Real effective exchange rates