Republic of Congo: 2015 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, September 16, 2015
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- Canonical URL
- Republic of Congo: 2015 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: September 16, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513552248.002
Key findings
- Growth rose to 6.8 percent in 2014, driven by a rebound in oil production.
- Inflation was moderated in 2014.
- The fiscal deficit amounted to 8.5 percent of GDP in 2014, a near doubling from 2013, owing mostly to increased spending and the lower oil revenues.
- The country has been hit hard by the oil price shock.
Near- and medium-term outlook
- The near- and medium-term outlook will be shaped by developments in the oil sector and the path and quality of fiscal adjustment.
- GDP growth in 2015 is projected at 1 percent.
- GDP growth is projected to average about 3 percent per year during 2015–20.
Policy areas and subjects highlighted
- Budget planning and preparation
- Expenditure
- External debt
- Oil prices; oil price shock; oil price volatility
- Prices
- Public debt
- Public financial management (PFM)
- Additional topical keywords noted: CR, debt, deficit, disbursement process, exchange rate, Global, government deposit, ISCR, oil revenue, revenue shortfall, right
Document notes
- This unit is an IMF Staff Country Report from the 2015 Article IV Consultation for the Republic of Congo.
- Also available in French.
Republic of Congo: 2015 Article IV Consultation-Press Release; and Staff Report
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