Republic of Congo : Selected Issues
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Summary:
This Selected Issues Paper for the Republic of Congo discusses economic development and policies. Domestic prices of refined petroleum products are administratively set by the authorities below import parity. Non-oil revenue in 2007 has remained about 20 percent of non-oil GDP, compared with overall fuel subsidies of about 8.3 percent of non-oil GDP. The fuel pricing policy and subsidy scheme have been established by the authorities to protect low-income households from rising energy prices.
Series:
Country Report No. 09/72
Subject:
Consumer prices Energy pricing policy Export competitiveness Fiscal policy Government expenditures Income distribution Oil exports Oil subsidies Price controls Private sector Real effective exchange rates Selected issues Social indicators
English
Publication Date:
February 25, 2009
ISBN/ISSN:
9781451951967/1934-7685
Stock No:
1COGEA2009001
Format:
Paper
Pages:
36
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