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: 189 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)

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News and Highlights

  • Article related to the SSA REO Presentation

    Article in French from La Semaine africaine

    December 3, 2019

  • 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

  • Article related to the SSA REO, and the Domestic Arrears Situation

    Article in French from La Dépêche de Brazzaville

    November 26, 2019

  • 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

  • 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

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Regional Economic Outlook for Sub-Saharan Africa

June 29, 2020

The outlook for 2020 for sub-Saharan Africa is considerably worse than was anticipated in April and subject to much uncertainty. Economic activity this year is now projected to contract by some 3.2 percent, reflecting a weaker external environment and measures to contain the COVID-19 outbreak. Growth is projected to recover to 3.4 percent in 2021 subject to the continued gradual easing of restrictions that has started in recent weeks and, importantly, if the region avoids the same epidemic dynamics that have played out elsewhere. Africa’s authorities have acted swiftly to support the economy, but these efforts have been constrained by falling revenues and limited fiscal space. Regional policies should remain focused on safeguarding public health, supporting people and businesses hardest hit by the crisis, and facilitating the recovery.The region cannot tackle these challenges alone, and a coordinated effort by all development partners will be key.
Read the Report

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Departmental Papers on Africa

Africa Departmental Papers Cover 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.