Republic of Congo: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document

International Monetary Fund

No 2006/148, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper on the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) for the Republic of Congo explains medium-to-long-term strategy for poverty reduction. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing macroeconomic, financial, and structural reforms. Debt relief under the enhanced HIPC Initiative is expected to reduce Congo’s external debt by about one-third. The authorities have emphasized that Congo’s external debt remains unsustainably high and could further delay its economic and social reform programs.

Keywords: ISCR; CR; oil revenue; Congolese authorities; public expenditure; reform program; government plan; real GDP; discount rate; public finance; private sector; CFA franc; debt management; debt agency; Debt service; Debt relief; Arrears; Global; Central Africa (search for similar items in EconPapers)
Pages: 65
Date: 2006-04-24
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=19163 (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:2006/148

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 ().