Cover IMF Staff Country Reports
Republic of Congo: Selected Issues
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 072
Language:
English
Publication Date:
25 Feb 2009
DOI:
https://doi.org/10.5089/9781451951967.002
ISBN:
9781451951967
ISSN:
1934-7685
Pages:
36
Keywords:
ISCR; CR; price; cost; export; GDP; oil export; price subsidy; price competitiveness; inventory cost; pump price; Real effective exchange rates; Oil exports; Energy subsidies; Fuel prices; Income; Sub-Saharan Africa
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This Selected Issues Paper for the Republic of Congo discusses economic development and policies. Domestic prices of refined petroleum products are administratively set by the authorities below import parity. Non-oil revenue in 2007 has remained about 20 percent of non-oil GDP, compared with overall fuel subsidies of about 8.3 percent of non-oil GDP. The fuel pricing policy and subsidy scheme have been established by the authorities to protect low-income households from rising energy prices.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund