IMF Staff Country Reports

Democratic Republic of the Congo : Staff Report for the 2009 Article IV Consultation, Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

Author/Editor:

International Monetary Fund

Publication Date:

March 31, 2010

Electronic Access:

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Summary:

This paper discusses a Request from Congo for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) program. Growth in Congo in 2008 was strong, but weakened by the onset of the global financial crisis during the second half of the year that resulted in a deterioration of the country’s terms of trade and large job losses in the mining sector. Macroeconomic policies for the rest of 2009 and 2010 aim at reducing inflation while mitigating the impact of the global financial sector on the economy.

Series:

Country Report No. 10/88

Subject:

Announcements Article IV consultation reports Debt relief Economic growth Economic indicators Extended arrangement requests External debt Fiscal policy Fiscal reforms HIPC Initiative Inflation targeting Monetary policy Political economy Poverty Reduction and Growth Facility

Notes:

Also Available in French