Republic of Congo : 2013 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Contributor:

International Monetary Fund.

International Monetary Fund. Strategy, Policy, &amp.

Review Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/282

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Democratic Republic of the Congo.

Economic development.

Democratic Republic of the Congo--Economic conditions.

Democratic Republic of the Congo.

Physical Description:

1 online resource (77 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This paper assesses the Republic of Congo’s discussions in 2013 Article IV Consultation. Though having abundance of natural resources, notably oil and iron ore, Congo has achieved limited progress in poverty alleviation, and remains vulnerable to external shocks. Weak governance and business conditions are significant constraints to private sector development and growth inclusiveness. The IMF report shows that Congo’s main challenge is to ensure long-term macroeconomic stability in the face of oil revenue volatility and exhaustibility, and to make growth more inclusive.

Contents:

Cover; CONTENTS; BACKGROUND: GENEROUS RESOURCES ENDOWMENT, BUT LIMITED POVERTY REDUCTION; RECENT DEVELOPMENTS AND SHORT-TERM ECONOMIC PROSPECTS; MEDIUM-TERM OUTLOOK AND RISKS: BUILDING UP ADDITIONAL BUFFERS AGAINST PERSISTENT VULNERABILITIES; FIGURES; 1. Oil and Agricultural Sector: Current Situation, Prospects, and Potentials; BOX; 1. Mining Sector: Potential Waiting to be Unlocked; POLICY DISCUSSIONS; A. Securing Long-Term Fiscal Sustainability; B. Addressing Vulnerabilities to External Shocks; C. Enhancing External Sustainability and Competitiveness; 2. Vulnerability to External Shocks

D. Promoting Inclusive Growth3. Poverty Profile; 4. Credit and Deposits; 5. Financial Sector Development; E. Economic Policy Management and other Surveillance Issues; STAFF APPRAISAL; 6. Recent Developments and Medium-Term Outlook; TABLES; 1. Selected Economic and Financial indicators, 2010-18; 2. Medium Term Balance of Payments, 2010-18; 3a. Central Government Operations, 2010-18; 3b. Central Government Operations, 2010-18; 3c. Statement of the Central Government Operations, 2010-18; 4. Monetary Survey, 2008-13; 5. Banking Sector Financial Soundness Indicators, 2007-11

6. Implementation of the 2012 Article IV Recommendations7. Risk Assessment Matrix; ANNEXES; 1. Medium- and Long-Term Fiscal Framework; 2. Exchange Rate and Competitiveness; 3. Growth Inclusiveness; 4. Financial Sector Stability and Development; 5. Special Economic Zones; CONTENTS; FUND RELATIONS; WORLD BANK-IMF JOINT ACTION PLAN; STATISTICAL ISSUES; REPUBLIC OF CONGO: STAFF REPORT FOR THE 2013 ARTICLE IV CONSULTATION-DEBT SUSTAINABILITYANALYSIS; BACKGROUND; UNDERLYING ASSUMPTIONS; Tables; Text Table 1. Congo: Gross External Debt by Creditor; Box

Box 1. Republic of Congo: Main Macroeconomic AssumptionsEXTERNAL DEBT SUSTAINABILITY ANALYSIS; Text table 2. Debt Sustainability Framework: Indicative Policy-Dependant Thresholds; PUBLIC DEBT SUSTAINABILITY ANALYSIS; CONCLUSIONS; Figures; Figure 1. Congo, Republic of: Indicators of Public and Publicly Guaranteed External Debt under Alternatives Scenarios. 2013-2033; Figure 2. Congo, Republic of: Indicators of Public Debt Under Alternative Scenarios, 2013-2033; Table 1. External Debt Sustainability Framework, Baseline Scenario, 2010-2033

Table 2. Congo, Republic of: Sensitivity Analysis for Key Indicators of Public and Publicly Guaranteed External Debt, 2013-2033Table 3. Congo, Republic of: Public Sector Debt Sustainability Framework, Baseline Scenario, 2010-2033; Table 4. Congo, Republic of: Sensitivity Analysis for Key Indicators of Public Debt 2013-2033

Notes:

"September 2013."

Description based on online resource; title from PDF title page (ebrary, viewed November 22, 2013).

ISBN:

9781475524451

1475524455

9781616357177

1616357177

9781484322024

1484322029