Republic of Congo: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility—Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion

International Monetary Fund

No 2011/061, IMF Staff Country Reports from International Monetary Fund

Abstract: With the Heavily Indebted Poor Countries (HIPC) completion, Congo’s prospects for achieving sustained growth and poverty reduction have improved. The HIPC completion reduced debt service obligations and increased the resilience of external debt indicators to shocks. Non-oil revenue is improved through broadening the tax base and improving the design of the tax system. The objectives of the poverty reduction strategy (PRS) and fiscal sustainability would require lasting gains in non-oil revenue collection. IMF staff welcomes the authority’s good faith efforts to obtain comparable treatment from all remaining commercial creditors.

Keywords: ISCR; CR; reform; salary; sector activity; salary reform; wage fraud; public sector salary; priority spending; Balance of payments statistics; Debt relief; Fiscal stance; Government finance statistics; Global (search for similar items in EconPapers)
Pages: 45
Date: 2011-03-03
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24683 (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:2011/061

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 ().