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International Monetary Fund
This paper reviews the first annual progress report (APR) on implementation of the Poverty Reduction Strategy (PRS) in the Republic of Congo. The paper discusses that a number of stages in PRS implementation have already been completed. The PRS is being implemented in an international economic context marked by a severe economic and financial crisis. At the national level, favorable circumstances have enabled Congo to maintain a high level of economic growth averaging nearly 6 percent a year from 2005 to 2009.
International Monetary Fund
This paper reviews the annual progress report on Poverty Reduction Strategy Paper (PRSP) for Republic of Congo. The adoption of the PRSP in March 2008 was followed by adoption of the Operational Action Plan for implementation of the PRSP. The poverty reduction strategy is being implemented in an international economic context marked by a severe economic and financial crisis. The government has also undertaken significant structural administrative reforms with a view to improving political governance.