Democratic Republic of the Congo: Staff Report for the 2005 Article IV Consultation Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility Requests for Waiver of Performance Criteria Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries and Request for an Extension of Arrangement

Fund, International Monetary

Democratic Republic of the Congo: Staff Report for the 2005 Article IV Consultation Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility Requests for Waiver of Performance Criteria Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries and Request for an Extension of Arrangement

International Monetary Fund

No 2005/374, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2005 Article IV Consultation highlights that the economic activity in the Democratic Republic of the Congo (DRC) started to recover in 2002, after declining for 13 years. Inflation declined from 511 percent at end-2000 to 4 percent at end-2003. Fiscal developments were mixed in 2004, with government revenue higher and expenditure lower than programmed. The main risks for the rest of 2005 relate to security and social tensions, which could worsen in the case of further delays in the transition process.

Keywords: ISCR; CR; government; objective; program objective; Congo; staff appraisal; Congolese authorities; transition government; PRGF arrangement; Debt service; Debt relief; Fiscal stance; Currencies; Global; Africa (search for similar items in EconPapers)
Pages: 119
Date: 2005-10-20
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=18635 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2005/374

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().