Republic of Congo: Selected Issues

International Monetary Fund

No 2009/072, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues Paper for the Republic of Congo discusses economic development and policies. Domestic prices of refined petroleum products are administratively set by the authorities below import parity. Non-oil revenue in 2007 has remained about 20 percent of non-oil GDP, compared with overall fuel subsidies of about 8.3 percent of non-oil GDP. The fuel pricing policy and subsidy scheme have been established by the authorities to protect low-income households from rising energy prices.

Keywords: ISCR; CR; price; cost; export; GDP; oil export; price subsidy; price competitiveness; inventory cost; pump price; Real effective exchange rates; Oil exports; Energy subsidies; Fuel prices; Income; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 36
Date: 2009-02-25
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Citations: View citations in EconPapers (1)

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