Republic of Congo: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility—Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion

March 3, 2011

Preview Citation

Format: Chicago

Republic of Congo: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility—Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2011) accessed September 21, 2024

Also available in: français

Summary

With the Heavily Indebted Poor Countries (HIPC) completion, Congo’s prospects for achieving sustained growth and poverty reduction have improved. The HIPC completion reduced debt service obligations and increased the resilience of external debt indicators to shocks. Non-oil revenue is improved through broadening the tax base and improving the design of the tax system. The objectives of the poverty reduction strategy (PRS) and fiscal sustainability would require lasting gains in non-oil revenue collection. IMF staff welcomes the authority’s good faith efforts to obtain comparable treatment from all remaining commercial creditors.

Subject: Asset and liability management, Balance of payments statistics, Debt relief, Economic and financial statistics, Fiscal policy, Fiscal stance, Government finance statistics, Oil, Public financial management (PFM)

Keywords: Balance of payments statistics, CR, Debt relief, Fiscal stance, Global, Government finance statistics, ISCR, Priority spending, Public sector salary, Reform, Salary, Salary reform, Sector activity, Wage fraud

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/061
Stock No:

1COGEA2011001
ISBN:

9781455219995
ISSN:

1934-7685

Notes

Also available in French

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