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

Publication Date: July 20, 2011
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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. 11/190
Subject(s): Central bank autonomy | Commodity price fluctuations | Economic indicators | Extended Credit Facility | Fiscal reforms | Governance | Natural resources | Staff Reports

Notes Also available in French
Publication Date: July 20, 2011
ISBN/ISSN: 9781462341573/1934-7685 Format: Paper
Stock No: 1CODEA2011002 Pages: 56
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