Republic of Congo: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document

April 24, 2006

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Format: Chicago

Republic of Congo: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document, (USA: International Monetary Fund, 2006) accessed September 19, 2024

Also available in: français

Summary

This paper on the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) for the Republic of Congo explains medium-to-long-term strategy for poverty reduction. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing macroeconomic, financial, and structural reforms. Debt relief under the enhanced HIPC Initiative is expected to reduce Congo’s external debt by about one-third. The authorities have emphasized that Congo’s external debt remains unsustainably high and could further delay its economic and social reform programs.

Subject: Arrears, Asset and liability management, Debt Relief, Debt service, External debt, Oil, Oil, gas and mining taxes, Public debt

Keywords: Arrears, Central Africa, CFA franc, Congolese authorities, CR, Debt agency, Debt management, Debt relief, Debt service, Discount rate, Global, Government plan, ISCR, Oil revenue, Private sector, Public expenditure, Public finance, Real GDP, Reform program

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/148
Stock No:

1COGEA2006001
ISBN:

9781451808605
ISSN:

1934-7685

Notes

Also available online in French

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