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Africa > Congo, Republic of

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Cover Policy Papers
Review of Implementation of The 2018 Framework for Enhanced Fund Engagement on Governance
International Monetary Fund. Fiscal Affairs Dept., International Monetary Fund. Legal Dept., and International Monetary Fund. Strategy, Policy, & Review Department
This paper reviews the implementation of the “2018 Framework for Enhanced Fund Engagement on Governance” (the “2018 Governance Framework”). The Board adopted the 2018 Governance Framework to promote a more systematic, effective, candid, and evenhanded engagement with member countries regarding corruption of macro critical dimensions and governance vulnerabilities that allow corruption. Building upon various sources of information, including surveys with key stakeholders, the paper provides a comprehensive stocktaking of the Fund’s work in governance and corruption since 2018, and makes specific proposals to further improve implementation of the Framework.
Keywords:
governance; corruption; systematic; effective; candid; evenhanded; enhanced engagement; IMF Text Analytics database; IMF engagement; governance vulnerability; audit report; IMF's work; Auditing; Civil society organizations; Emergency assistance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global
Cover IMF Staff Country Reports
Kyrgyz Republic: Selected Issues
International Monetary Fund. Middle East and Central Asia Dept.
Selected Issues
Keywords:
climate change prospects in the Kyrgyz Republic; poverty in the Kyrgyz republic; developments in poverty; inclusion indicator; climate change policy; SSNS poverty mitigation effect; poverty rates in the Kyrgyz Republic; Climate change; Social assistance spending; Greenhouse gas emissions; Climate policy; Global; Central Asia; Middle East and Central Asia; Central and Eastern Europe; Europe
Cover IMF Staff Country Reports
Republic of Congo: Second Review under the Three-year Extended Credit Facility Arrangement, Requests for Modification and Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Congo
International Monetary Fund. African Dept.
Strengthened economic recovery remains fragile amid high food inflation, driven by increased import costs following Russia’s war in Ukraine. High global oil prices are benefitting the Congo’s crude oil exports but higher refined fuel import costs were subsidized by the government, widening the 2022 non-oil fiscal deficit. Sustained reform efforts are needed for economic diversification, which would reduce Congo’s fragilities, create jobs, and raise incomes. Debt remains sustainable but classified as “in distress” due to arrears; a financing assurances review was conducted. The first review of the three-year Extended Credit Facility (ECF) arrangement (SDR 324 million, 200 percent of quota) was concluded by the IMF Executive Board on June 24, 2022.
Keywords:
IMF TA; PC table; quantitative Performance Criteria; overburdened staff; reorganization of the CCA; Arrears; Fiscal stance; Oil, gas and mining taxes; Global
Cover IMF Staff Country Reports
Republic of Congo: Poverty Reduction and Growth Strategy
International Monetary Fund. African Dept.
The 2022-2026 NDP is based on the tradition of development planning in the Congo and on the President of the Republic's social project, "Together, let us continue the march". This project reflects a vision of the process of building a society that ensures social progress for all, in solidarity and peace, through the creation of conditions for inclusive growth, based on a strong economy.
Keywords:
poverty rate; NDP financing plan; NDP scenario; NDP project; NDP objective; Infrastructure; Global; Central Africa; Africa; Sub-Saharan Africa