## Republic of Congo: Selected Issues

_IMF Staff Country Reports, July 29, 2024_

## Source details

**Canonical URL:** [Republic of Congo: Selected Issues](https://www.imf.org/en/publications/cr/issues/2024/07/30/republic-of-congo-selected-issues-552770)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/07/30/republic-of-congo-selected-issues-552770/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/07/30/republic-of-congo-selected-issues-552770/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/07/30/republic-of-congo-selected-issues-552770/bundle-manifest.json)

## Bibliographic details
- Published: July 29, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400285165.002

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### Macroeconomic impacts and core findings
- The paper focuses on the macroeconomic impacts of government domestic arrears in the Republic of Congo.
- Repayment efforts have accelerated but have failed in reducing arrears stock due to the inclusion of new stock of arrears.
- Authorities have intensified mitigating efforts including improving fiscal space to accelerate repayment, improving debt transparency to allow for rapid recognition of arrears, and launching major reforms to improve prevention.

### Policy priorities and recommendations
- Maintain the pace of reform with emphasis on:
  - Further strengthening of fiscal buffers to ensure timely repayment.
  - Enhance debt coverage and transparency reforms to allow a holistic view of public debt.
  - Accelerating debt and PFM reforms to allow better management and control.

### Institutional reforms and implementation needs
- Effective implementation of the restructuring of the debt management office is crucial.
- Critical implementation elements identified:
  - Hiring of staff and their training to improve capacity.
  - Operation of a new procedure manual to enhance the effectiveness of the debt management office.

### Subjects and cross-cutting issues covered
- Energy subsidies
- Environment
- Expenditure
- Financial inclusion
- Financial markets
- Fuel prices
- Natural disasters
- Prices
- Revenue administration

_Reference: Republic of Congo: Selected Issues, July 29, 2024._

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## Content in this bundle

- **Republic of Congo: Selected Issues; IMF Country Report No. 24/252; June 24, 2024**
  - [Republic of Congo: Selected Issues; IMF Country Report No. 24/252; June 24, 2024 (Markdown version)](/-/media/files/publications/cr/2024/english/1cogea2024003-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Republic of Congo: Selected Issues; IMF Country Report No. 24/252; June 24, 2024 (PDF)](/-/media/files/publications/cr/2024/english/1cogea2024003-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2024/07/30/republic-of-congo-selected-issues-552770_