This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between the Republic of the Congo and the IMF. Additional information can be found on Republic of the Congo and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with the Republic of the Congo.
At a Glance
- Current IMF membership: 190 countries
- Republic of the Congo joined the Fund in July 10, 1963; Article VIII
- Total Quotas: SDR 162 Million
- Loans outstanding: PRGF/ECF Arrangements SDR 16.32 Million
- Last Article IV Consultation: The 2015 Article IV consultation staff report was discussed by the Executive Board on June 1, 2015 (Country Report No. 15/263)
News and Highlights
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Article related to the SSA REO Presentation
Article in French from La Semaine africaine
December 3, 2019
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IMF Brazzaville Office Retreat
On December 2, the IMF Brazzaville office went on a retreat led by Ms. Alice Rwigema on ways to make the office more effective. Ms. Rwigema has many years’ experience in leading teams in West and Central Africa covering issues such as clarifying organizational objectives and creating clear pathways for achieving them, individual accountability and team performance. It is now up to the office to put these elements in practice.
December 2, 2019
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Article related to the SSA REO, and the Domestic Arrears Situation
Article in French from La Dépêche de Brazzaville
November 26, 2019
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Presentation to the Ministry of Foreign Affairs on the New IMF Program
The IMF Res Rep was invited to launch the second annual series of discussions and reflections at the Ministry of Foreign Affairs on the topic of the recently agreed three year Fund-supported Extended Credit Facility with the Congo. The meeting was presided by the Minister of Foreign Affairs and the World Bank representative Madame Ouatarra provided her views on the nature of World Bank support to the Congo.
October 15, 2019
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The Fifth China-Africa Forum Took Place in Republic of Congo (September 10-12)
During three days (September 10-12), the fifth China-Africa Investment Forum took place in Kintele International Conference Center, about 20 minutes north of the Congo capital Brazzaville. Five Presidents were present for the first few sessions (Angola, DRC, CAR, Equatorial Guinea, and Rwanda) in addition to the host President Sassou-Nguesso. The IMF mission chief Alex Segura was a panelist in a session on the future of work in a digitized Africa. Many discussions took place on the margins of the forum looking to enhance investment opportunities in the Republic of Congo and in other African countries.
September 12, 2019
Republic of Congo and the IMF
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July 24, 2023
Series:Country Report No. 2023/271
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July 19, 2023
The Executive Board of the International Monetary Fund (IMF) completed today the third review of the Republic of Congo’s economic program under the SDR 324 million Extended Credit Facility (ECF), which was approved on January 21, 2022. The completion of the review allows for the immediate disbursement of SDR 32.4 million (about US$ [43] million), bringing total disbursements under the ECF to SDR 226.8 million. This financing from the IMF will continue to help the authorities implement their development policies, maintain macroeconomic stability and strengthen economic recovery amid high food inflation, lower oil prices and tightening financial conditions.
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May 23, 2023
An International Monetary Fund (IMF) mission led by Roland Kpodar visited Brazzaville from May 8 to May 19 to hold discussions under the third review of the authorities’ program supported by the IMF Extended Credit Facility (ECF) approved in January, 2022 (see PR 22/11).
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Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate
May 1, 2023
Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.
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March 17, 2023
Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement in Yaoundé at the conclusion of his meetings with the Cameroon and with the Central African Economic and Monetary Community (CEMAC) authorities on March 15-16, 2023
Regional Economic Outlook for Sub-Saharan Africa
April 14, 2023
Growth in sub-Saharan Africa will decline to 3.6 percent this year. Amid a global slowdown, activity is expected to decelerate for a second year in a row. Still, this headline figure masks significant variation across the region. The funding squeeze will also impact the region’s longer-term outlook. A shortage of funding may force countries to reduce resources for critical development sectors like health, education, and infrastructure, weakening the region’s growth potential.Read the Report
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.