Democratic Republic of the Congo: Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility and for the First Annual Program

International Monetary Fund

No 2002/145, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines the Democratic Republic of the Congo’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for the First Annual Program. The authorities requested a three-year PRGF arrangement in support of their program covering April 1, 2002–July 31, 2005, in an amount equivalent to SDR 580 million. The authorities have also steadfastly implemented a Staff-Monitored Program covering June 2001–March 2002, aiming principally at stabilizing the economic situation, and laying the foundation for the restoration of growth and reconstruction.

Keywords: ISCR; CR; Congo; DRC's arrears; authority; net bank credit; bank credit; PRGF loan; PRGF-supported program; reserve asset portion; Arrears; Poverty reduction strategy; Debt relief; Debt service; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 79
Date: 2002-07-17
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