Departmental Papers / Policy Papers

Sustaining more Inclusive Growth in the Republic of Congo

Author/Editor:

Dalia S Hakura ; Adrian Alter ; Matteo Ghilardi ; Rodolfo Maino ; Cameron McLoughlin ; Maximilien Queyranne

Publication Date:

February 11, 2015

Electronic Access:

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Summary:

The Republic of Congo has seen dramatic improvement in its debt situation since 2010, following debt relief through the IMF and World Bank Heavily Indebted Poor Countries/Multilateral Debt Relief Initiative. Large oil revenues have allowed the country to boost spending and increase foreign exchange reserves. Yet poverty and inequality remain comparatively high. This paper examines Congo’s challenge to manage its natural resource revenue and attain sustained inclusive growth.

Series:

Departmental Paper No. 15/02

Subject:

Congo, Republic of Debt sustainability Financial sector Financial services Fiscal consolidation Fiscal policy Inclusive growth Natural resources Nonoil sector Oil revenues Poverty and inequality Public investment Sustainable development

Notes:

Also available in French