Democratic Republic of the Congo: Review of the 2006 Staff-Monitored Program and a New Staff-Monitored Program for 2007: Staff Report; Staff Statement; Statement by the Executive Director for the Democratic Republic of the Congo
September 25, 2007
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This paper reviews the 2006 Staff-Monitored Program (SMP) and a New Staff-Monitored Program for 2007 for the Democratic Republic of the Congo. Most quantitative and structural benchmarks under the SMP for April–December 2006 were not met; nevertheless, the SMP helped prevent major financial instability during the protracted electoral period. Cognizant of the need to reestablish macroeconomic stability, the government agreed on a policy framework for 2007 to be monitored by the IMF staff. Satisfactory performance under the SMP would open the way for discussions on a new arrangement under the Poverty Reduction and Growth Facility.
Subject: Arrears, Asset and liability management, Debt relief, Economic and financial statistics, Expenditure, External debt, Fiscal policy, Fiscal stance, Government finance statistics
Keywords: Africa, Arrears, Avoiding central bank financing, broad money, Central Africa, Congo, Congolese authorities, CR, Debt relief, draft budget, financing of the budget, Fiscal stance, Global, government, Government finance statistics, government financial situation, ISCR, seating regime, Southern Africa
Pages:
70
Volume:
2007
DOI:
Issue:
328
Series:
Country Report No. 2007/328
Stock No:
1CODEA2007002
ISBN:
9781451808421
ISSN:
1934-7685
