Republic of the Congo Resident Representative Site
Resident Representative Office in the Republic of the Congo
This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between the Republic of the Congo and the IMF. Additional information can be found on Republic of the Congo and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with the Republic of the Congo.
News and Highlights
The IMF’s African Department is the hub of the institution’s engagement with low-income member countries. Over the past year, 13 new programs were approved under the IMF’s Policy Support Instrument, and Extended Credit Facility, more flexible policies were implemented to allow for flexible financing of infrastructure investment, and policy advice focused on restoring “macroeconomic buffers” that enabled effective policy responses to mitigate the worst of the impact of the 2009 global economic crisis.
With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say as Managing Director Dominique Strauss-Kahn embarks on a three-country visit to the region.
Stronger monetary and budget policies, together with structural reforms in many countries, helped Africa come through the global financial crisis better than in the past, IMF First Deputy Managing Director John Lipsky said.
Republic of the Congo and The IMF
Macroeconomic Policy Frameworks for Resource-Rich Developing Countries--Analytic Frameworks and Applications
August 24, 2012
Subject: Natural resources | Republic of Congo | Developing countries | Fiscal policy | Oil revenues | Savings | Investment | Government expenditures | Monetary policy | Exchange rate policy
August 14, 2012
Series: Country Report No. 12/242
August 14, 2012
Series: Country Report No. 12/243
Regional Economic Outlook for Sub-Saharan Africa
Growth remained strong in the region in 2012, with regional GDP rates increasing in most countries (excluding Nigeria and South Africa). Projections point to a moderate, broad-based acceleration in growth to around 5¬Ĺ percent in 2013¬¨14, reflecting a gradually strengthening global economy and robust domestic demand. Investment in export-oriented sectors remains an important economic driver, and an agriculture rebound in drought-affected areas will also help growth. Uncertainties in the global economy are the main risk to the region‚??s outlook, but plausible adverse shocks would likely not have a large effect on the region‚??s overall performance.