Republic of Congo: Staff-Monitored Program

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 242

Publication date: July 2007

ISBN: 9781451808667

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Topics covered in this book

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Economics- Macroeconomics , Public Finance , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , authority , oil revenue mobilization , government , marketing government oil , poverty reduction effort , management , oil revenues accounts , Congolese authorities , Oil , gas and mining taxes , Oil prices , Central Africa , Global

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Summary

This paper on the Republic of Congo’s staff-monitored program (SMP) reports that the authorities and civil society pledged to work together to make resource management more transparent. The authorities have reached understandings with IMF staff on an SMP for April-September 2007. The SMP aims at making progress toward fiscal sustainability, enhancing public financial management, and improving governance and transparency. A solid track record of policy implementation in the context of the SMP would pave the way for discussions on a Poverty Reduction and Growth Facility arrangement to resume by end-2007.