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

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

International Development Association.

Series:

IMF Staff Country Reports; Country Report ; No. 2010/077

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Congo (Brazzaville).

International Monetary Fund.

Poverty--Congo (Brazzaville).

Poverty.

Debt relief--Congo (Brazzaville).

Debt relief.

Congo (Brazzaville)--Economic conditions--Statistics.

Congo (Brazzaville).

Physical Description:

1 online resource (70 p.)

Other Title:

Republic of Congo, completion point document under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative

Republic of Congo, completion point document and Multilateral Debt Relief Initiative (MDRI)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Summary:

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.

Contents:

Cover; Contents; Acronyms; Executive Summary; I. Introduction; II. Assessment of Requirements for Reaching the Completion Point; Boxes; 1. Status of Floating Completion Point Triggers; A. PRSP and Poverty Monitoring; B. Macroeconomic Performance; C. Public Expenditure Prioritization; D. Public Financial Management; E. Governance; F. Structural Reforms; G. Social Sector Reforms; H. Debt Management; III. Updated Debt Relief and Debt Sustainability Analysis; A. Data Reconciliation; B. Status of Creditor Participation in the Enhanced HIPC Initiative

C. Debt Outlook after HIPC Assistance and Consideration for Exceptional Topping-Up of HIPC AssistanceD. Creditor Participation in the Multilateral Debt Relief Initiative; E. Debt Sustainability Outlook, 2009-28; 2. Baseline Macroeconomic Assumptions; F. Sensitivity Analysis; IV. Conclusion; V. Issues For Discussion; Figures; 1. Composition of the Stock of External Debt by Creditor Group; 2. External Debt and Debt Service Indicators for Medium-and Long-Term Public Sector Debt, 2009-28; 3. Sensitivity Analysis, 2009-28; Tables

1. Revised Nominal Stocks and Net Present Value of Debt at Decision Point by Creditor Groups as of end-December 20042. Estimated Assistance at Decision Point (Amended); 3. Comparison of Discount Rate and Exchange Rate Assumptions; 4. Status of Creditor Participation Under the Enhanced HIPC Initiative; 5. Nominal and Net Present Value of External Debt Outstanding at end-December 2008; 6. Net Present Value of External Debt; 7. External Debt Service after Full Implementation of Debt-Relief Mechanisms; 8. Key External Debt Indicators, 2008-28; 9. Sensitivity Analysis, 2009-28

10. Delivery of IMF Assistance Under the Enhanced HIPC Initiative and the MDRI, 2006-1511. Delivery of World Bank HIPC Assistance and MDRI to 2006-44; 12. Paris Club Creditors' Delivery of Debt Relief Under Bilateral Initiatives Beyond the HIPC Initiative; 13. HIPC Initiative: Status of Country Cases under the Initiative, March 31, 2009; Appendices; I. Debt Management; II. Debt Sustainability Analysis using the Low-Income Country Framework

Notes:

"Prepared by the staffs of the International Development Association and International Monetary Fund."

"March 2010."

Includes bibliographical references.

Description based on print version record.

ISBN:

9786612845710

9781462322220

1462322220

9781452705101

1452705100

9781282845718

1282845713

9781451982312

1451982313

OCLC:

870244828