IMF Office in the Republic of the Congo

Source details

Maximilien Kaffo
Resident Representative

Phone: (242) 81-53-37
Fax: (242) 81-14-65
Email: RR-COG@imf.org

Current IMF membership: 191 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)

Resident Representative: Maximilien Kaffo.
The Office communicates IMF staff views and manages relations between the Republic of the Congo and the International Monetary Fund (IMF).

Publication: "Hard-Won Gains Under Pressure" (April 16, 2026).
Regional performance and projection bullets:
- After a strong 2025 with growth at 4.5 percent, Sub-Saharan Africa entered 2026 reaping the benefits of hard-won stabilization gains.
- The war in the Middle East has clouded the outlook.
- Regional growth is expected to decline by 0.2 percentage points to 4.3 percent in 2026.

World Economic Outlook — Global Economy in Crosscurrents of War and Technology — July 8, 2026.
Global Financial Stability Report — Global Financial Markets Confront the War in the Middle East and Amplification Risks — April 14, 2026.
Fiscal Monitor — Fiscal Policy under Pressure: High Debt, Rising Risks — April 15, 2026.
Annual Report of the Executive Board — Navigating a Precarious World — September 23, 2026.
Regional Economic Outlook sections listed: Asia and Pacific; Europe; Middle East and Central Asia; Sub-Saharan Africa; Western Hemisphere.

The IMF warns of multiple variants of fraudulent scam letters purporting to be sanctioned by the IMF or authored by high ranking IMF officials.
Characteristics of the scams:
- Letters may appear on official letterhead containing the IMF logo.
- Scams instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other approvals to enable them to receive large sums of monies as beneficiaries.
- Contact e-mail information in the scam correspondence is always BOGUS.
- Unsuspecting individuals are requested to send personal banking details which the scammers utilize for fraudulent activities.

The Departmental African Paper Series covers research on sub-Saharan Africa by IMF staff, focusing on issues of broad regional or cross-country interest.
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.

Official IMF reports and Executive Board documents dealing with the Republic of the Congo are available in English and French through IMF country resources for the Republic of the Congo.