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Republic of Congo: Review of Performance under the Staff-Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 007
Language:
English
Publication Date:
10 Jan 2005
DOI:
https://doi.org/10.5089/9781451808551.002
ISBN:
9781451808551
ISSN:
1934-7685
Pages:
109
Keywords:
ISCR; CR; government; PRGF arrangement; Congolese authorities; E&P Congo; staff appraisal; PRGF loan; Oil sector; Oil; gas and mining taxes; Poverty reduction strategy; Arrears; Africa
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This paper reviews Congo’s Performance Under the Staff-Monitored Program (SMP) and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility. Improvements in the political environment and an increased focus on economic management since late 2002 have already led to stronger economic growth and lower inflation. The 2004 SMP produced good results. All the program’s quantitative budgetary and financial indicators were met. Major progress was made in improving oil sector transparency with the widespread dissemination of information on the Internet, which is particularly noteworthy and exemplary among countries in Africa.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund