Cover IMF Staff Country Reports
Republic of Congo: Staff Report-Press Release; Staff Report; Debt Sustainability Analysis, and Statement by the Executive Director for the Republic of Congo
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2019: Issue 244
Language:
French
Publication Date:
30 Oct 2019
DOI:
https://doi.org/10.5089/9781513518510.002
ISBN:
9781513518510
ISSN:
2790-4458
Pages:
175
Keywords:
ISCR; CR; debt; authority; debt restructuring effort; governance
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The Republic of Congo was hit hard by the oil price shock and delayed fiscal adjustment, amidst governance challenges and unsustainable debt. While program negotiations were long and complex, the authorities made decisive progress in 2018 and early 2019 with decisive fiscal consolidation, and the implementation of a large package of structural reforms, including two rounds of prior actions to improve governance and transparency. In addition, financing assurances have been secured.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2019: Issue 244