Democratic Republic of the Congo: Third Review of the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Request for Modification of Performance Criteria: Staff Report and Press Release on the Executive Board Discussion
July 20, 2011
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Satisfactory policy implementation continues in the program under challenging conditions, but the uncertain economic, social, and political environment will test this commitment. The program is flexible to accommodate a partial pass-through of higher world oil prices to domestic fuel prices and further pro-poor spending, but ongoing fiscal discipline will be essential to achieve the program’s fiscal objectives. The implementation of revenue-enhancing measures will require political will. Executive Directors welcome the efforts to implement the broad range of reforms in extractive industries.
Subject: Banking, Credit, Expenditure, External debt, Fiscal policy, Fiscal stance, Fuel prices, Money, Prices
Keywords: amount equivalent to SDR, Congo, Congolese authorities, CR, Credit, DRC under the Heavily Indebted Poor Countries, Fiscal stance, Fuel prices, GDP estimate, Global, government finance statistics yearbook, ISCR
Pages:
56
Volume:
2011
DOI:
Issue:
190
Series:
Country Report No. 2011/190
Stock No:
1CODEA2011002
ISBN:
9781462341573
ISSN:
1934-7685
