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Business and Economics > Budgeting

You are looking at 1 - 10 of 10 items for :

  • Type: Journal Issue x
  • Congo, Republic of x
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Cover Well Spent
Well Spent
How Strong Infrastructure Governance Can End Waste in Public Investment

Abstract

Drawing on the Fund’s analytical and capacity development work, including Public Investment Management Assessments (PIMAs) carried out in more than 60 countries, the new book Well Spent: How Strong Infrastructure Governance Can End Waste in Public Investment will address how countries can attain quality infrastructure outcomes through better infrastructure governance—an issue becoming increasingly important in the context of the Great Lockdown and its economic consequences. It covers critical issues such as infrastructure investment and Sustainable Development Goals, controlling corruption, managing fiscal risks, integrating planning and budgeting, and identifying best practices in project appraisal and selection. It also covers emerging areas in infrastructure governance, such as maintaining and managing public infrastructure assets and building resilience against climate change.

Keywords:
BOOK; investment; government; governance; country; spending; public investment; infrastructure governance; investment efficiency; investment shock; investment spending; Public investment spending; Public investment and public-private partnerships (PPP); Infrastructure; Budget planning and preparation; Fiscal rules; Global; Asia and Pacific; Africa; Caribbean; Sub-Saharan Africa
Cover IMF Staff Country Reports
République du Congo : consultations de 2015 au titre de l'article IV - communiqué de presse et rapport des services du FMI
International Monetary Fund. African Dept.
La République du Congo a été durement touchée par le choc des prix du pétrole. Les soldes budgétaire et courant se sont détériorés en 2014 sous l’effet d’une augmentation des dépenses publiques et du repli des cours du brut. Les autorités ont entrepris des mesures correctives. L’activité du secteur privé se heurte à un déficit d’infrastructure, à un climat des affaires difficile et à un système financier manquant de profondeur. La croissance et les dépenses publiques ne parviennent pas encore à réduire sensiblement la pauvreté et les progrès en la matière ne sont pas à la hauteur des résultats enregistrés par des pays comparables. Les inégalités persistantes pourraient être une source d’instabilité.
Keywords:
ISCR; CR; right; deficit; debt; oil price shock
Cover IMF Staff Country Reports
Republic of Congo: 2015 Article IV Consultation-Press Release; and Staff Report
International Monetary Fund. African Dept.
This 2015 Article IV Consultation highlights that Congo’s growth was strong in 2014 and inflation was moderated, but the country has been hit hard by the oil price shock. Growth rose to 6.8 percent in 2014, driven by a rebound in oil production. The fiscal deficit amounted to 8.5 percent of GDP in 2014, a near doubling from 2013, owing mostly to increased spending and the lower oil revenues. The near- and medium-term outlook will be shaped by developments in the oil sector and the path and quality of fiscal adjustment. GDP growth in 2015 is projected at 1 percent and to average about 3 percent per year during 2015–20.
Keywords:
ISCR; CR; right; deficit; debt; oil price shock; oil price volatility; oil revenue; exchange rate; disbursement process; revenue shortfall; government deposit; Oil prices; Budget planning and preparation; Global
Cover IMF Staff Country Reports
Republic of Congo: Staff Report for the 2012 Article IV Consultation
International Monetary Fund. African Dept.
The key issue facing Congo is how to use oil and mineral resources effectively in support of inclusive growth. Economic conditions are supportive--macroeconomic stability is in place, the terms of trade are favorable, and the external position is strong. External risks are mitigated by membership in CEMAC, under which all members benefit from the French convertibility guarantee, and large fiscal buffers. Yet, growth has not been inclusive. Over half of the population lives in poverty and a labor skills mismatch results in high unemployment and underemployment, especially among youth. The difficult business climate holds back diversification. On March 4, 2012 a munitions depot exploded in Brazzaville causing death and destruction; near-term policies focus on reconstruction and addressing the humanitarian crisis.
Keywords:
ISCR; CR; business climate; surplus; report; economy; budget; revenue collection; basic non-oil primary deficit; article IV report; budget envelope; Capital spending; Current spending; Oil prices; Europe; Africa; Global
Cover IMF Staff Country Reports
Democratic Republic of the Congo: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper describes the three phases of IMF engagement in the Democratic Republic of Congo (DRC) with a view to drawing lessons that could prove useful in identifying objectives and policies for a medium-term program that could be supported through a successor Poverty Reduction and Growth Facility arrangement. The paper describes recent developments in the financial sector of the DRC and offers suggestions for fostering financial deepening. It addresses the agenda for structural fiscal reforms over the next five years. It also presents an overview of structural fiscal issues.
Keywords:
ISCR; CR; real GDP; central bank; public expenditure; DRC government; financial system; private sector; banking system; foreign currency; international community; government program; cash flow; government strategy; financial support; government need; capital base; excess reserves; return on assets; Budget planning and preparation; Mining sector; Sub-Saharan Africa; Western Europe; Africa; Global
Cover IMF Staff Country Reports
République du Congo: Rapport sur les progrès réalisés par rapport aux conditions du passage au point d’achèvement au titre de l’initiative renforcée en faveur des pays pauvres très endettés
International Monetary Fund
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Keywords:
ISCR; CR; government; firm; IDA staff; coordination structure; government website
Cover IMF Staff Country Reports
Republic of Congo: Report on Progress Toward Meeting the Completion Point Triggers Under the Enhanced Heavily Indebted Poor Countries Initiative
International Monetary Fund
This paper discusses the Republic of Congo’s enhanced Heavily Indebted Poor Countries (HIPC) initiative. If the Republic of Congo is to effectively use the resources generated by the oil windfall to reduce poverty and ensure sustainable and equitable growth, improved prioritization of public investment resources and improved project management practices are required. The establishment of institutional structures to monitor reforms is a key test of the resolve of the government to meet the HIPC triggers.
Keywords:
ISCR; CR; government; firm; IDA staff; coordination structure; government website; IMF staff; debt agency; purchasing authority; Public investment spending; Auditing; Corruption; Sub-Saharan Africa
Cover IMF Staff Country Reports
Republic of Congo: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues and Statistical Appendix paper outlines the recent developments in the political and security situation in Congo. It reviews economic performance during 1970–2003, including in the context of IMF-supported programs. The paper also reviews recent developments in public finance management, and examines the constraints on growth and poverty reduction. The sources of economic growth during 1970–2003 are analyzed. The paper also discusses the feasibility of an oil fiscal rule, and notes some key lessons and challenges for the Congo.
Keywords:
ISCR; CR; oil sector; government; sector; government post; section VII; cease-fire agreement; growth-accounting framework; Oil prices; Oil; Public expenditure review; Budget planning and preparation; Sub-Saharan Africa
Cover IMF Working Papers
Public Expenditure Management in Francophone Africa: A Cross-Country Analysis
Mr. Yaya Moussa
There are strong similarities between the French and French-inspired African PEM systems in terms of the legal setting, rules, and procedures. However, there are differences in practice, particularly in accounting and reporting, audit, and external control. Among the African countries themselves, there are many common features but also marked differences in audit and external control.
Keywords:
WP; PEM system; government account; executive branch; African country; budget law; Budgeting; Public Expenditure Management; Technical Assistance; Africa; PEM weakness; cash plan; PEM subcategory; Budget planning and preparation; Fiscal law; Fiscal accounting and reporting; Auditing
Cover IMF Staff Country Reports
Democratic Republic of the Congo: Second Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria
International Monetary Fund
For the past two years, the Democratic Republic of Congo has made considerable progress in consolidating its peace process, stabilizing its economic situation, and creating the conditions for sustainable economic growth and poverty reduction. The macroeconomic and fiscal performances under the IMF program were satisfactory. The government also made good progress on structural and sectoral reforms. The authorities have identified the key steps needed for the completion of the poverty reduction strategy paper. The IMF staff commends the authorities for the progress achieved in strengthening the tax and customs administration.
Keywords:
ISCR; CR; government; Congo; government approval; commitment vis-à-vis; tax-payer identification number; World Bank's International Development Association; turnover tax law; Debt relief; Arrears; Debt service; Southern Africa; East Africa; Sub-Saharan Africa; Africa