Republic of Congo : Staff Report for the 2012 Article IV Consultation

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

October 12, 2012

Electronic Access:

Free Full text (PDF file size is 938 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The key issue facing Congo is how to use oil and mineral resources effectively in support of inclusive growth. Economic conditions are supportive--macroeconomic stability is in place, the terms of trade are favorable, and the external position is strong. External risks are mitigated by membership in CEMAC, under which all members benefit from the French convertibility guarantee, and large fiscal buffers. Yet, growth has not been inclusive. Over half of the population lives in poverty and a labor skills mismatch results in high unemployment and underemployment, especially among youth. The difficult business climate holds back diversification. On March 4, 2012 a munitions depot exploded in Brazzaville causing death and destruction; near-term policies focus on reconstruction and addressing the humanitarian crisis.

Series:

Country Report No. 12/283

Subject:

Notes:

Also available in French

English

Publication Date:

October 12, 2012

ISBN/ISSN:

9781475512830/1934-7685

Stock No:

1COGEA2012003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

59

Please address any questions about this title to publications@imf.org