Democratic Republic of the Congo: Staff-Monitored Program

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 259

Publication date: July 2006

ISBN: 9781451808407

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , financing , government spending , private sector , U , S , dollar , narrow money , cash flow , due diligence , budget support , Congolese authorities , key interest rate , exceptional expenditure , loan financing , financing need , transition government , Debt relief , Currencies , Credit , Fiscal stance

Also of interest

Grenada

Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

The Congolese authorities requested an IMF staff-monitored program (SMP), in support of the economic program they spelled out in the accompanying Memorandum on Economic and Financial Policies (MEFP). The Democratic Republic of the Congo showed remarkable macroeconomic stability under the Poverty Reduction Growth Facility Program. The SMP is intended to preserve macroeconomic stability during the protracted elections and give the authorities an opportunity to establish a strong track record of policy implementation. The SMP includes measures for improving public resource management and strengthening central bank operations.