Democratic Republic of the Congo: Third Review of the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Request for Modification of Performance Criteria: Staff Report and Press Release on the Executive Board Discussion

International Monetary Fund

No 2011/190, IMF Staff Country Reports from International Monetary Fund

Abstract: Satisfactory policy implementation continues in the program under challenging conditions, but the uncertain economic, social, and political environment will test this commitment. The program is flexible to accommodate a partial pass-through of higher world oil prices to domestic fuel prices and further pro-poor spending, but ongoing fiscal discipline will be essential to achieve the program’s fiscal objectives. The implementation of revenue-enhancing measures will require political will. Executive Directors welcome the efforts to implement the broad range of reforms in extractive industries.

Keywords: ISCR; CR; Congo; DRC under the Heavily Indebted Poor Countries; amount equivalent to SDR; government finance statistics yearbook; Congolese authorities; GDP estimate; Fiscal stance; Fuel prices; Credit; Global (search for similar items in EconPapers)
Pages: 56
Date: 2011-07-20
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