Democratic Republic of the Congo: Review of the 2006 Staff-Monitored Program and a New Staff-Monitored Program for 2007: Staff Report; Staff Statement; Statement by the Executive Director for the Democratic Republic of the Congo
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Summary:
This paper reviews the 2006 Staff-Monitored Program (SMP) and a New Staff-Monitored Program for 2007 for the Democratic Republic of the Congo. Most quantitative and structural benchmarks under the SMP for April–December 2006 were not met; nevertheless, the SMP helped prevent major financial instability during the protracted electoral period. Cognizant of the need to reestablish macroeconomic stability, the government agreed on a policy framework for 2007 to be monitored by the IMF staff. Satisfactory performance under the SMP would open the way for discussions on a new arrangement under the Poverty Reduction and Growth Facility.
Series:
Country Report No. 2007/328
Subject:
Arrears Asset and liability management Debt relief Economic and financial statistics Expenditure External debt Fiscal policy Fiscal stance Government finance statistics
English
Publication Date:
September 25, 2007
ISBN/ISSN:
9781451808421/1934-7685
Stock No:
1CODEA2007002
Pages:
70
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