Republic of Congo: Selected Issues
IMF Staff Country Reports, February 25, 2009
Source details
- Canonical URL
- Republic of Congo: Selected Issues
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Bibliographic details
- Published: February 25, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451951967.002
Overview
- This Selected Issues Paper discusses economic development and policies in the Republic of Congo.
- Domestic prices of refined petroleum products are administratively set by the authorities below import parity.
- The fuel pricing policy and subsidy scheme have been established by the authorities to protect low-income households from rising energy prices.
Key findings on fuel pricing and subsidies
- Domestic prices of refined petroleum products: administratively set below import parity.
- Overall fuel subsidies: about 8.3 percent of non-oil GDP.
- Policy objective of subsidies: protect low-income households from rising energy prices.
Fiscal context and revenue
- Non-oil revenue in 2007: has remained about 20 percent of non-oil GDP.
- Comparison: non-oil revenue (about 20 percent of non-oil GDP) versus fuel subsidies (about 8.3 percent of non-oil GDP).
Thematic coverage (subjects and keywords)
- Subjects: Energy subsidies, Expenditure, Exports, Foreign exchange, Fuel prices, Income, International trade, National accounts, Oil exports, Prices, Real effective exchange rates.
- Keywords: cost, CR, Energy subsidies, export, Fuel prices, GDP, Income, inventory cost, ISCR, oil export, Oil exports, price, price competitiveness, price subsidy, pump price, Real effective exchange rates, Sub-Saharan Africa.
Source: Republic of Congo: Selected Issues (IMF Staff Country Reports 2009, 072).
Content in this bundle
- Republic of Congo: Selected Issues; IMF Country Report 09/72; November 21, 2008