Cover IMF Staff Country Reports
Republic of Congo: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Nonobservance of Performance Criteria, Rephasing, and Extension of Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 262
Language:
English
Publication Date:
18 Jul 2006
DOI:
https://doi.org/10.5089/9781451808612.002
ISBN:
9781451808612
ISSN:
1934-7685
Pages:
95
Keywords:
ISCR; CR; PRGF loan; government; PRGF arrangement; authorities' intention; Congolese authorities; government website; Oil; gas and mining taxes; Oil prices; Poverty reduction strategy; Global
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The completion of the Second Review Under the Poverty Reduction Growth Facility Arrangement was delayed to address important governance and transparency concerns. Macroeconomic performance was strong in the year 2005. Policy discussions focused on improving macroeconomic management against the background of continued high oil prices and efforts to further strengthen governance. The medium-term economic outlook is more favorable than expected, owing to higher oil price projections. The main objective of the fiscal policy is to strengthen the public sector balance sheet.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2006: Issue 262