Republic of Congo: Selected Issues
February 25, 2009
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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.
Subject: Energy subsidies, Expenditure, Exports, Foreign exchange, Fuel prices, Income, International trade, National accounts, Oil exports, Prices, Real effective exchange rates
Keywords: cost, CR, Energy subsidies, export, Fuel prices, GDP, Income, inventory cost, ISCR, oil export, Oil exports, price, price competitiveness, price subsidy, pump price, Real effective exchange rates, Sub-Saharan Africa
Pages:
36
Volume:
2009
DOI:
Issue:
072
Series:
Country Report No. 2009/072
Stock No:
1COGEA2009001
ISBN:
9781451951967
ISSN:
1934-7685
