Cover IMF Staff Country Reports
Republic of Congo: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility—Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 061
Language:
English
Publication Date:
03 Mar 2011
DOI:
https://doi.org/10.5089/9781455219995.002
ISBN:
9781455219995
ISSN:
1934-7685
Pages:
45
Keywords:
ISCR; CR; reform; salary; sector activity; salary reform; wage fraud; public sector salary; priority spending; Balance of payments statistics; Debt relief; Fiscal stance; Government finance statistics; Global
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With the Heavily Indebted Poor Countries (HIPC) completion, Congo’s prospects for achieving sustained growth and poverty reduction have improved. The HIPC completion reduced debt service obligations and increased the resilience of external debt indicators to shocks. Non-oil revenue is improved through broadening the tax base and improving the design of the tax system. The objectives of the poverty reduction strategy (PRS) and fiscal sustainability would require lasting gains in non-oil revenue collection. IMF staff welcomes the authority’s good faith efforts to obtain comparable treatment from all remaining commercial creditors.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund