Republic of Congo: Enhanced Heavily Indebted Poor Countries Initiative: Completion Point Document and Multilateral Debt Relief Initiative

International Monetary Fund

No 2010/077, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Congo’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). In the view of the staff of IDA and the IMF, Congo has met in full all of the triggers for reaching the completion point. All key decisions, actions, and measures required to observe the triggers have been taken, including a satisfactory track record of implementation for public investment management, procurement, governance and anticorruption, improvement in the internal controls and accounting of the state-owned oil company, and oil commercialization.

Keywords: ISCR; CR; Congolese authorities; public expenditure; NPV terms; anti-corruption strategy; PRGF arrangement; debt agency; HIPC debt relief; government finance statistics manual; government trade; regulatory authority; HIPC assistance; government plan; government balance; Debt relief; Debt service; Oil; Public investment spending; Global; Africa (search for similar items in EconPapers)
Pages: 69
Date: 2010-03-24
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