Republic of Congo: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative: Preliminary Document

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 391

Publication date: November 2005

ISBN: 9781451808599

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Topics covered in this book

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Exports and Imports , ISCR , CR , real GDP , economic recovery , exchange rate , taxpayer relation , Congolese authorities , debt-service reduction , government of Congo , IMF debt service , NPV terms , exports-to-GDP ratio , debt situation , CFA franc , NPV calculation , private sector , helping Congo , Debt service , Debt relief , Arrears , Debt service ratios , Sub-Saharan Africa , Africa

Also of interest

Nepal

Peru

Grenada

Republic of Congo : 2001 Article IV

Summary

This paper reviews the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative of the Republic of Congo. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing financial and structural reforms, but large challenges remain. The overall improving political and security conditions allowed the authorities to make good progress toward restoring macroeconomic and financial stability. Debt relief under the enhanced HIPC Initiative would reduce Congo’s external debt by nearly one-half.