IMF Staff Country Reports

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

July 20, 2011

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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, (USA: International Monetary Fund, 2011) accessed September 20, 2024

Also available in: français

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.

Subject: Banking, Credit, Expenditure, External debt, Fiscal policy, Fiscal stance, Fuel prices, Money, Prices

Keywords: Amount equivalent to SDR, Congo, Congolese authorities, CR, Credit, DRC under the Heavily Indebted Poor Countries, Fiscal stance, Fuel prices, GDP estimate, Global, Government finance statistics yearbook, ISCR

Publication Details

  • Pages:

    56

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/190

  • Stock No:

    1CODEA2011002

  • ISBN:

    9781462341573

  • ISSN:

    1934-7685

Notes

Also available in French

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