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International Monetary Fund. External Relations Dept.

02/145: Democratic Republic of the Congo: Request for a Three-Year Arrangement Under the PRGF and for the First Annual Program

Roberts Zīle and Inna Šteinbuka

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Miss Gita Bhatt

ASpecial Session of the United Nations General Assembly met in Geneva on June 26–30 to assess the progress that had been made in the five years since the March 1995 Copenhagen Summit adopted a Declaration on Social Development and Program of Action. In the Copenhagen declaration the heads of state or government of 117 countries had committed themselves to fighting poverty, unemployment, and social disintegration. In the intervening five years, there has been heightened concern over the economic and social consequences of international financial crises, growing insecurity over globalization, and, in some regions, a deepening of poverty and unemployment.