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.
At a Glance : Republic of the Congo's Relations with the IMF
- Current IMF membership: 189 countries
- Republic of the Congo joined the Fund in July 10, 1963; Article VIII
- Total Quotas: SDR 84.60 Million (As of September 30, 2009)
- Loans outstanding: PRGF/ECF Arrangements SDR 16.32 Million
- 2013 Article IV consultation, Country Report 13/282, September 10, 2013
- Press Release: IMF Mission Statement at the Conclusion of the 2014 Article IV Discussions with the Republic of Congo, May 27, 2014
News and Highlights
CEMAC’s economic outlook has changed dramatically since the last discussions because of the significant decline in international oil prices. The financial sector is shallow, and financial intermediation and inclusion are limited. The regional institutions face considerable challenges, including from political interference and capacity constraints. Downside risks are important, as CEMAC is vulnerable to protracted low oil prices and a possible relapse in regional security crises.
November 5, 2015
Economic activity in sub-Saharan Africa has weakened markedly. To be sure, growth—at 3¾ percent this year and 4¼ percent in 2016— still remains higher than in many other emerging and developing regions of the world. Still, the strong growth momentum evident in the region in recent years has dissipated in quite a few cases.
November 5, 2015
The October 2013 Regional Economic Outlook: Sub-Saharan Africa provides a comprehensive report on the prospects for growth in the region, as well as the major risks to the outlook.
October 13, 2013
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.
March 22, 2011
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.
March 5, 2010
Republic of Congo and the IMF
April 22, 2016
Series: Country Report No. 16/106
December 22, 2015
Author/Editor: Corinne Deléchat ; Ejona Fuli ; Dafina Mulaj ; Gustavo Ramirez ; Rui Xu
Series: Working Paper No. 15/268
November 12, 2015
Series: Country Report No. 15/308
Notes: Also Available in French
November 10, 2015
Author/Editor: Adrian Alter ; Matteo Ghilardi ; Dalia Hakura
Series: Working Paper No. 15/236
November 9, 2015
Author/Editor: Adrian Alter ; Boriana Yontcheva
Series: Working Paper No. 15/235
Regional Economic Outlook for Sub-Saharan Africa
Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions. This October 2015 report discusses the fiscal and monetary policy adjustments necessary for these countries to adapt to the new environment. Chapter 2 looks at competitiveness in the region, analyzing the substantial trade integration that accompanied the recent period of high growth, and policy actions to nurture new sources of growth. Chapter 3 looks at the implications for the region of persistently high income and gender inequality and ways to reduce them.
Departmental Papers on Africa
The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
IMF Opens Africa Training Institute in Mauritius
The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.