Departmental Papers

Sustaining more Inclusive Growth in the Republic of Congo

ByDalia S Hakura, Adrian Alter, Matteo Ghilardi, Rodolfo Maino, Cameron McLoughlin, Maximilien Queyranne

February 11, 2015

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Dalia S Hakura, Adrian Alter, Matteo Ghilardi, Rodolfo Maino, Cameron McLoughlin, and Maximilien Queyranne. "Sustaining more Inclusive Growth in the Republic of Congo", Departmental Papers 2015, 002 (2015), accessed 12/7/2025, https://doi.org/10.5089/9781498317702.087

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Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

The Republic of Congo has seen dramatic improvement in its debt situation since 2010, following debt relief through the IMF and World Bank Heavily Indebted Poor Countries/Multilateral Debt Relief Initiative. Large oil revenues have allowed the country to boost spending and increase foreign exchange reserves. Yet poverty and inequality remain comparatively high. This paper examines Congo’s challenge to manage its natural resource revenue and attain sustained inclusive growth.

Subject: Expenditure, Financial services, Income inequality, National accounts, Oil, gas and mining taxes, Public debt, Public investment spending, Taxes

Keywords: Africa, Congo government, DP, DPPP, economic growth, fiscal policy, gas and mining taxes, Global, Income inequality, insurance market, investment, investment efficiency, investment-growth linkage, MTN Congo, natural resource, Oil, oil revenue, property tax, Public investment spending, return on assets, revenue, scaled-up investment scenario, standard of living, Sub-Saharan Africa, transfer program, United Nations Human Development Index score

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