Republic of Congo: Selected Issues

February 25, 2009

Summary

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:
https://doi.org/10.5089/9781451951967.002
Issue:
072
Series:
Country Report No. 2009/072
Stock No:
1COGEA2009001
ISBN:
9781451951967
ISSN:
1934-7685

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Staff Country Reports