IMF Staff Country Reports

Republic of Congo: Staff-Monitored Program

Publication Date:

June 3, 2008

Electronic Access:

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Summary:

Social and political stability has improved in Congo, but the security situation is fragile. Executive Directors welcomed the Staff-Monitored Program (SMP), which was designed to safeguard fiscal and external stability. They stressed the need for stabilizing the economy and pursuing structural reforms with a view for achieving sustainable growth, reducing poverty, diversifying the economy, and benefiting from enhanced HIPC Initiative debt relief. As a sign of their renewed commitment to reengagement with the IMF, authorities established a new organizational structure for better monitoring and implementation of the economic and financial program.

Series:

Country Report No. 2008/173

Subject:

Balance of payments statistics Commodities Economic and financial statistics Economic sectors Fiscal stance Monetary statistics Oil Oil prices Oil sector Prices Public financial management (PFM)