Democratic Republic of the Congo: Third Review of the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Request for Modification of Performance Criteria: Staff Report and Press Release on the Executive Board Discussion
Electronic Access:
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Summary:
Satisfactory policy implementation continues in the program under challenging conditions, but the uncertain economic, social, and political environment will test this commitment. The program is flexible to accommodate a partial pass-through of higher world oil prices to domestic fuel prices and further pro-poor spending, but ongoing fiscal discipline will be essential to achieve the program’s fiscal objectives. The implementation of revenue-enhancing measures will require political will. Executive Directors welcome the efforts to implement the broad range of reforms in extractive industries.
Series:
Country Report No. 2011/190
Subject:
Banking Credit Expenditure External debt Fiscal policy Fiscal stance Fuel prices Money Prices
Notes:
English
Publication Date:
July 20, 2011
ISBN/ISSN:
9781462341573/1934-7685
Stock No:
1CODEA2011002
Pages:
56
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