{
  "title": "Republic of Congo: 2015 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, September 16, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-congo-2015-article-iv-consultation-press-release-and-staff-report-43284",
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  "summary": "This 2015 Article IV Consultation highlights that Congo’s growth was strong in 2014 and inflation was moderated, but the country has been hit hard by the oil price shock. Growth rose to 6.8 percent in 2014, driven by a rebound in oil production. The fiscal deficit amounted to 8.",
  "publishDate": "2015-09-16",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Growth rose to 6.8 percent in 2014, driven by a rebound in oil production.\n- Inflation was moderated in 2014.\n- The fiscal deficit amounted to 8.5 percent of GDP in 2014, a near doubling from 2013, owing mostly to increased spending and the lower oil revenues.\n- The country has been hit hard by the oil price shock."
    },
    {
      "heading": "Near- and medium-term outlook",
      "content": "- The near- and medium-term outlook will be shaped by developments in the oil sector and the path and quality of fiscal adjustment.\n- GDP growth in 2015 is projected at 1 percent.\n- GDP growth is projected to average about 3 percent per year during 2015–20."
    },
    {
      "heading": "Policy areas and subjects highlighted",
      "content": "- Budget planning and preparation\n- Expenditure\n- External debt\n- Oil prices; oil price shock; oil price volatility\n- Prices\n- Public debt\n- Public financial management (PFM)\n- Additional topical keywords noted: CR, debt, deficit, disbursement process, exchange rate, Global, government deposit, ISCR, oil revenue, revenue shortfall, right"
    },
    {
      "heading": "Document notes",
      "content": "- This unit is an IMF Staff Country Report from the 2015 Article IV Consultation for the Republic of Congo.\n- Also available in French.\n\nRepublic of Congo: 2015 Article IV Consultation-Press Release; and Staff Report\n\n---\n\n Content in this bundle\n\n- cr15263\n  - cr15263 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15263 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr15263f\n  - cr15263f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15263f (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-congo-2015-article-iv-consultation-press-release-and-staff-report-43284"
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    "Published: September 16, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513552248.002",
    "Growth rose to 6.8 percent in 2014, driven by a rebound in oil production.",
    "Inflation was moderated in 2014.",
    "The fiscal deficit amounted to 8.5 percent of GDP in 2014, a near doubling from 2013, owing mostly to increased spending and the lower oil revenues.",
    "The country has been hit hard by the oil price shock.",
    "The near- and medium-term outlook will be shaped by developments in the oil sector and the path and quality of fiscal adjustment.",
    "GDP growth in 2015 is projected at 1 percent.",
    "GDP growth is projected to average about 3 percent per year during 2015–20.",
    "Budget planning and preparation",
    "Expenditure",
    "External debt",
    "Oil prices; oil price shock; oil price volatility",
    "Prices",
    "Public debt",
    "Public financial management (PFM)",
    "Additional topical keywords noted: CR, debt, deficit, disbursement process, exchange rate, Global, government deposit, ISCR, oil revenue, revenue shortfall, right",
    "This unit is an IMF Staff Country Report from the 2015 Article IV Consultation for the Republic of Congo.",
    "Also available in French.",
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