Democratic Republic of the Congo: Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility and for the First Annual Program
July 17, 2002
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This paper examines the Democratic Republic of the Congo’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for the First Annual Program. The authorities requested a three-year PRGF arrangement in support of their program covering April 1, 2002–July 31, 2005, in an amount equivalent to SDR 580 million. The authorities have also steadfastly implemented a Staff-Monitored Program covering June 2001–March 2002, aiming principally at stabilizing the economic situation, and laying the foundation for the restoration of growth and reconstruction.
Subject: Arrears, Asset and liability management, Banking, Debt relief, Debt service, Expenditure, External debt, Poverty, Poverty reduction strategy
Keywords: Africa, Arrears, authority, bank credit, Congo, CR, Debt relief, Debt service, DRC's arrears, ISCR, net bank credit, Poverty reduction strategy, PRGF loan, PRGF-supported program, reserve asset portion, Sub-Saharan Africa
Pages:
79
Volume:
2002
DOI:
Issue:
145
Series:
Country Report No. 2002/145
Stock No:
1COGEA0012002
ISBN:
9781451808506
ISSN:
1934-7685
