IMF Staff Country Reports

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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International Monetary Fund. "Democratic Republic of the Congo: Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility and for the First Annual Program", IMF Staff Country Reports 2002, 145 (2002), accessed April 25, 2025, https://doi.org/10.5089/9781451808506.002

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Summary

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

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