Democratic Republic of the Congo: Staff-Monitored Program
July 18, 2006
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The Congolese authorities requested an IMF staff-monitored program (SMP), in support of the economic program they spelled out in the accompanying Memorandum on Economic and Financial Policies (MEFP). The Democratic Republic of the Congo showed remarkable macroeconomic stability under the Poverty Reduction Growth Facility Program. The SMP is intended to preserve macroeconomic stability during the protracted elections and give the authorities an opportunity to establish a strong track record of policy implementation. The SMP includes measures for improving public resource management and strengthening central bank operations.
Subject: Asset and liability management, Bank deposits, Credit, Currencies, Debt relief, Expenditure, Fiscal policy, Fiscal stance, Money
Keywords: budget support, cash flow, Congolese authorities, CR, Credit, Currencies, Debt relief, due diligence, exceptional expenditure, financing, financing need, Fiscal stance, government spending, ISCR, key interest rate, loan financing, narrow money, private sector, transition government, U.S. dollar
Pages:
69
Volume:
2006
DOI:
Issue:
259
Series:
Country Report No. 2006/259
Stock No:
1CODEA2006001
ISBN:
9781451808407
ISSN:
1934-7685
