Executive Board
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Board Discussions
on the Republic of Congo:

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July 21, 2014
June 27, 2012
July 27, 2011
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January 27, 2010

Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 8.1 5.8
Consumer Prices 2.4 2.4
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Republic of Congo: Financial Position in the Fund

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Republic of Congo and the IMF
Updated September 4, 2014

The last Article IV Executive Board Consultation was on July 21, 2014. Listed below are items related to the Republic of Congo, in reverse chronological order (you can also view items by category).

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September 04, 2014 -- Republic of Congo: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 14/272
September 04, 2014 -- Republic of Congo: Selected Issues
Series: Country Report No. 14/273
May 27, 2014 -- Press Release: IMF Mission Statement at the Conclusion of the 2014 Article IV Discussions with the Republic of Congo
April 11, 2014 -- IMFC Statement by Christophe Akagha-Mba, Minister of Economy and Prospective, Gabon
On behalf of: Benin, Burkina Faso, Central African Republic, Côte d'Ivoire, Cameroon, Democratic Republic of the Congo, Republic of Congo, Union of the Comoros, Djibouti, Gabon, Guinea, Republic of Equatorial Guinea, Mali, Islamic Republic of Mauritania, Mauritius, Niger, Rwanda, Senegal, Democratic Republic of São Tomé and Príncipe, Chad, Togo. PDF File Size: 645Kb
November 21, 2013 -- Press Release: Statement at the end of an IMF Staff Visit to the Republic of Congo
September 10, 2013 -- Republic of Congo: 2013 Article IV Consultation
Series: Country Report No. 13/282
Notes: Also available in French
April 20, 2013 -- IMFC Statement by Luc Oyoubi, Minister of Economy, Employment and Sustainable Development, Ministere de l'Economie, de l'Emploi et du Developpement Durable, Gabon
On behalf of: Burundi, Benin, Burkina Faso, Central African Republic, Côte d'Ivoire, Cameroon, Democratic Republic of the Congo, Republic of Congo, Union of the Comoros, Djibouti, Gabon, Guinea, Republic of Equatorial Guinea, Mali, Islamic Republic of Mauritania, Mauritius, Niger, Rwanda, Senegal, Democratic Republic of São Tomé and Príncipe, Chad, Togo. PDF File Size: 212Kb
March 18, 2013 -- Press Release: Statement at the end of an IMF Staff Visit to the Republic of Congo
October 12, 2012 -- Republic of Congo: Staff Report for the 2012 Article IV Consultation
Series: Country Report No. 12/283
Notes: Also available in French
August 24, 2012 -- Macroeconomic Policy Frameworks for Resource-Rich Developing Countries--Analytic Frameworks and Applications
Subject: Natural resources | Republic of Congo | Developing countries | Fiscal policy | Oil revenues | Savings | Investment | Government expenditures | Monetary policy | Exchange rate policy
August 14, 2012 -- Republic of Congo: Poverty Reduction Strategy Paper
Series: Country Report No. 12/242
August 14, 2012 -- Republic of Congo: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper
Series: Country Report No. 12/243
July 10, 2012 -- Public Information Notice: IMF Executive Board Concludes Article IV Consultation with Republic of Congo
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
May 23, 2012 -- Republic of Congo- Concluding Statement of the 2012 Article IV Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
August 17, 2011 -- Republic of Congo: Fifth and Sixth Reviews Under the Three-Year Arrangement Under the Extended Credit Facility and Financing Assurances Review - Staff Report; Staff Statement and Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo.
Series: Country Report No. 11/255
Notes: Also available in French
July 28, 2011 -- Press Release: IMF Executive Board Completes Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement for the Republic of Congo and Approves US$3.9 Million Disbursement
July 14, 2011 -- Republic of Congo -- Letter of Intent, and Technical Memorandum of Understanding, July 14, 2011
Also available in French PDF File Size: 418Kb
March 15, 2011 -- Republic of Congo: 2010 Article IV Consultation and Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of Performance Criteria—Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo.
Series: Country Report No. 11/67
Notes: Also available in French
March 03, 2011 -- 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
Series: Country Report No. 11/61
Notes: Also available in French
February 01, 2011 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with the Republic of Congo
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
January 19, 2011 -- Press Release: IMF Executive Board Completes Fourth Review Under the Republic of Congo’s ECF Arrangement and Approves US$1.9 Million Disbursement
December 20, 2010 -- Republic of Congo -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, December 20, 2010
Also available in French PDF File Size: 435Kb
August 31, 2010 -- Press Release: IMF Executive Board Completes Third Review Under the ECF Arrangement with the Republic of Congo and Approves US$1.78 Million Disbursement
May 19, 2010 -- Republic of Congo -- Letter of Intent, and Technical Memorandum of Understanding, May 19, 2010
Also available in French PDF File Size: 413Kb
March 24, 2010 -- Republic of Congo: Joint Advisory Note on the Poverty Reduction Strategy Paper - Annual Progress Report
Series: Country Report No. 10/68
March 24, 2010 -- Republic of Congo: Poverty Reduction Strategy Paper - Annual Progress Report
Series: Country Report No. 10/69
Notes: Also available in French
March 24, 2010 -- Republic of Congo: Enhanced Heavily Indebted Poor Countries Initiative - Completion Point Document and Multilateral Debt Relief Initiative
Series: Country Report No. 10/77
March 22, 2010 -- IMF Survey: Congo's Debt Burden Lightened
The decision by the IMF and World bank to approve debt relief for the Republic of Congo, of $1.9 billion, has freed up badly-needed resources for health, education, and other social services
February 25, 2010 -- Republic of Congo: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 10/54
January 28, 2010 -- Press Release: IMF and World Bank Announce Debt Relief to the Republic of Congo
November 30, 2009 -- Press Release: IMF Executive Board Completes Second Review Under Three-Year PRGF Arrangement with the Republic of Congo and Approves US$1.95 Million Disbursement
November 05, 2009 -- Republic of Congo -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 05, 2009
Also available in French PDF File Size: 389Kb
July 21, 2009 -- Republic of Congo: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 09/217
Notes: Full text is also available in French
June 17, 2009 -- Press Release: IMF Executive Board Completes First Review Under PRGF Arrangement for the Republic of Congo and Approves US$1.86 Million Disbursement
May 27, 2009 -- Republic of Congo -- Letter of Intent and Technical Memorandum of Understanding, May 27, 2009
Also available in French PDF File Size: 344Kb
March 02, 2009 -- Republic of Congo: 2008 Article IV Consultation, Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries, and Financing Assurances Review - Staff Report; Staff Statement and Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 09/74
February 25, 2009 -- Republic of Congo: Selected Issues
Series: Country Report No. 09/72
February 13, 2009 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with the Republic of Congo
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
December 08, 2008 -- Press Release: IMF Executive Board Approves US$12.53 Million PRGF Arrangement for the Republic of Congo and Interim Assistance under the Enhanced HIPC Initiative
July 18, 2008 -- Republic of Congo -- Staff-Monitored Program: Letter of Intent and Technical Memorandum of Understanding, July 18, 2008
PDF File Size: 188Kb
June 03, 2008 -- Republic of Congo: Staff-Monitored Program
Series: Country Report No. 08/173
April 12, 2008 -- IMFC Statement by His Excellency Paul Toungui, Minister of State, Minister of Economy, Finance, Budget, and Privatization, Gabon
On behalf of: Benin, Burkina Faso, Central African Republic, Côte d'Ivoire, Cameroon, Democratic Republic of the Congo, Republic of Congo, Union of the Comoros, Cabo Verde, Djibouti, Gabon, Guinea, Guinea-Bissau, Republic of Equatorial Guinea, Republic of Madagascar, Mali, Islamic Republic of Mauritania, Mauritius, Niger, Rwanda, Senegal, Democratic Republic of São Tomé and Príncipe, Chad, Togo. PDF File Size: 181Kb
March 27, 2008 -- Republic of Congo -- Staff-Monitored Program: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 27, 2008
PDF File Size: 232Kb
January 01, 2008 -- Trade Restrictiveness in the CEMAC Region. The Case of Congo
Author/Editor: Oliva, Maria-Angels
Series: Working Paper No. 08/15
September 19, 2007 -- Press Release: Statement of the IMF Mission to the Republic of Congo
July 16, 2007 -- Republic of Congo: Staff-Monitored Program
Series: Country Report No. 07/242
Notes: Also Available in French
June 21, 2007 -- Republic of Congo: Report on Progress Toward Meeting the Completion Point Triggers Under the Enhanced Heavily Indebted Poor Countries Initiative
Series: Country Report No. 07/215
Notes: Also available online in French
June 18, 2007 -- Republic of Congo: 2007 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 07/205
Notes: Also available online in French
June 18, 2007 -- Republic of Congo: Selected Issues
Series: Country Report No. 07/206
Notes: Also available online in French
June 18, 2007 -- Republic of Congo: Statistical Appendix
Series: Country Report No. 07/207
May 09, 2007 -- Press Release: Statement of the IMF Mission to the Republic of Congo
April 26, 2007 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with the Republic of Congo
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 01, 2007 -- Catch-Up Growth, Habits, Oil Depletion, and Fiscal Policy: Lessons from the Republic of Congo
Author/Editor: Carcillo, Stéphane | Leigh, Daniel | Villafuerte, Mauricio
Series: Working Paper No. 07/80
October 25, 2006 -- Press Release: Statement by an IMF Staff Mission to the Republic of Congo
August 01, 2006 -- Oil and Growth in the Republic of Congo
Author/Editor: Bhattacharya, Rina | Ghura, Dhaneshwar
Series: Working Paper No. 06/185
July 18, 2006 -- Republic of Congo: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria, Rephasing, and Extension of Arrangement - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director
Series: Country Report No. 06/262
Notes: Also available online in French
July 14, 2006 -- Press Release: IMF Executive Board Completes Second Review Under the Republic of Congo's PRGF Arrangement and Approves US$11.6 Million Disbursement
July 10, 2006 -- Republic of Congo -- Supplemental Letter of Intent, July 10, 2006
PDF File Size: 198Kb
June 29, 2006 -- Republic of Congo -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 29, 2006
PDF File Size: 372Kb
April 24, 2006 -- Republic of Congo: Enhanced Initiative for Heavily Indebted Poor Countries - Decision Point Document
Series: Country Report No. 06/148
Notes: Also available online in French
April 03, 2006 -- Press Release: Statement by an IMF Staff Mission to the Republic of Congo
March 09, 2006 -- Press Release: Republic of Congo Reaches Decision Point Under the Enhanced HIPC Debt Relief Initiative
March 02, 2006 -- Democratic Republic of Congo - Evaluation of the Technical Assistance Program (May 2001 to April 2004) and of Areas for Further Assistance to the Central Bank of Congo
Subject: Technical assistance | Congo, Republic of | Technical assistance programs | Central Banks
November 02, 2005 -- Republic of Congo: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative - Preliminary Document
Series: Country Report No. 05/391
August 25, 2005 -- Republic of Congo: First Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria and Modification of Performance Criterion - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 05/301
Notes: Also available online in French
August 03, 2005 -- Press Release: IMF Executive Board Completes First Review Under the Republic of Congo's PRGF Arrangement and Approves US$11.41 Million Disbursement
February 11, 2005 -- Republic of Congo: Interim Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 05/39
February 11, 2005 -- Republic of Congo: Joint Staff Advisory Note of the Interim Poverty Reduction Strategy Paper
Series: Country Report No. 05/40
January 10, 2005 -- Republic of Congo: Review of Performance Under the Staff-Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility--Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 05/7
Notes: Also available online in French.
December 07, 2004 -- Press Release: IMF Executive Board Approves US$84.4 Million PRGF Arrangement for the Republic of Congo
November 17, 2004 -- Republic of Congo -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 17, 2004
This Letter of Intent of the government of Republic of Congo describes the policies that Republic of Congo intends to implement in the context of its request for financial support from the IMF.
August 02, 2004 -- Republic of Congo: Selected Issues and Statistical Appendix
Series: Country Report No. 04/231
August 02, 2004 -- Republic of Congo: 2004 Article IV Consultation and New Staff-Monitored Program--Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 04/232
July 22, 2004 -- Public Information Notice: IMF Concludes Article IV Consultation with the Republic of Congo
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 31, 2004 -- Republic of Congo -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 31, 2004
This Letter of Intent of the government of the Republic of Congo describes the policies that the Republic of Congo intends to implement in the context of its request for financial support from the IMF.
March 01, 2004 -- Public Expenditure Management in Francophone Africa: A Cross-Country Analysis
Author/Editor: Moussa, Yaya
Series: Working Paper No. 04/42
January 01, 2004 -- Fiscal Surveillance in a Petro Zone: The Case of the CEMAC
Author/Editor: Wiegand, Johannes
Series: Working Paper No. 04/8
December 31, 2003 -- Central African Economic and Monetary Community--Paper on Recent Developments and Regional Policy Issues; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director
Series: Country Report No. 03/398
December 22, 2003 -- Press Release: The Republic of Congo Formally Begins Participation in the IMF's General Data Dissemination System
June 30, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with the Republic of Congo
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 30, 2003 -- Republic of Congo: 2003 Article IV Consultation and a New Staff-Monitored Program--Staff report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 03/193
June 23, 2003 -- Republic of Congo: Statistical Appendix
Series: Country Report No. 03/184
April 11, 2003 -- Republic of Congo -- Staff-Monitored Program--Letter of Intent, April 11, 2003
This Letter of Intent of the government of Republic of Congo describes the policies that Republic of Congo intends to implement in the context of its request for financial support from the IMF.
September 28, 2002 -- African Finance Ministers Press Briefing
This press conference is a unique opportunity for African Governors to express their views on issues of interest to them with regards to their relations with the IMF and the World Bank. This is also, indeed, an opportunity for the reporters to get first-hand information from some of the people who struggle on a daily basis with the debt burden, poverty and pandemics.
September 03, 2002 -- Public Information Notice: IMF Concludes Discussion on Recent Developments and Regional Policy Issues with the Central African Economic and Monetary Community
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
May 03, 2002 -- Republic of Congo Staff Monitored Program -- Letter of Intent, May 3, 2002
This letter of intent describes the policies that the Republic of Congo is implementing in the framework of a staff-monitored program.
April 20, 2002 -- Transcript of a Press Briefing with African Finance Ministers
February 25, 2002 -- Public Information Notice: IMF Concludes 2001 Article IV Consultation with the Republic of Congo
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
January 09, 2001 -- Republic of Congo: Statistical Annex
Series: Country Report No. 01/03
December 07, 2000 -- Public Information Notice: IMF Concludes Article IV Consultation with the Republic of Congo
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
November 17, 2000 -- Press Release: IMF Approves US$14 Million in Emergency Post-Conflict Assistance for the Republic of Congo
November 03, 2000 -- Republic of Congo Letter of Intent, Memorandum of Economic Policies, and Technical Memorandum of Understanding, November 3, 2000
This Letter of Intent of the government of Republic of Congo describes the policies that Republic of Congo intends to implement in the context of its request for financial support from the IMF.
September 29, 1999 -- Statement by the Hon. Tantely Andrianarivo, Governor of the IMF for Madagascar, on behalf of the African Governors, at the Joint Annual Discussion
PDF File Size: 14Kb
July 17, 1998 -- Press Release: IMF Approves Emergency Post-Conflict Assistance for the Republic of Congo
August 26, 1996 -- Congo, Republic of
Series: IMF Staff Country Report No. 96/77
June 28, 1996 -- Press Release: IMF Approves Three-Year Loan for the Congo Under the ESAF

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