Democratic Republic of the Congo: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Waiver of Performance Criteria and Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries
August 9, 2004
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This paper discusses Congo’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Waiver of Performance Criteria. Overall performance under the program was satisfactory and at end-March 2004, 8 out of the 11 quantitative performance criteria were observed. The structural performance criterion was met. Economic growth has been higher than envisaged, and inflation has decelerated more rapidly than programmed. As expected, the end-2003, fiscal objectives were missed by less than 1 percent of GDP.
Subject: Arrears, Asset and liability management, Debt relief, Debt service, Expenditure, External debt, Poverty, Poverty reduction strategy
Keywords: Arrears, Congo, Congolese authorities, CR, Debt relief, Debt service, expenditure side, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, PRGF-supported program, staff appraisal, Sub-Saharan Africa
Pages:
110
Volume:
2004
DOI:
Issue:
243
Series:
Country Report No. 2004/243
Stock No:
1CODEA0032004
ISBN:
9781451808353
ISSN:
1934-7685
