Democratic Republic of the Congo; First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Financing Assurances Review-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Congo, Democratic Republic of the Democratic Republic of the Congo

Congoâ€™s economic program aims to enhance macroeconomic stability and advance reforms to bolster economic management and improve the supply response of the economy. Progress in implementing the program has been affected negatively by the continuation of conflict. Fiscal policy aims at reducing government recourse to central bank financing. Structural reforms in revenue mobilization and public financial management (PFM) are critical for achieving the fiscal policy objectives. Pressing ahead with structural reforms is required for higher economic growth. Executive Directors suggest adoption of the Lending into Arrears Policy.

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Year of publication:	2010-10-26
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Announcements \| Bank supervision \| Economic indicators \| Economic recovery \| Extended Credit Facility \| External debt \| Fiscal reforms \| Governance \| Staff Reports \| central bank \| debt service \| fiscal balance \| debt relief \| current account \| public finances \| fiscal policy \| debt service payments \| foreign debt \| debt sustainability \| external debt service \| current account balance \| fiscal deficit \| capital expenditure \| tax administration \| public debt \| fiscal space \| balance of payments \| taxation \| domestic currency \| external payment \| current account deficit \| payment arrears \| budget support \| budget law \| debt relief initiative \| multilateral debt relief \| debt sustainability analysis \| tax collection \| multilateral debt \| tax incentives \| fiscal objectives \| debt management \| domestic debt \| fiscal accounts \| fiscal performance \| external financing \| domestic financing \| expenditure policy \| revenue collection \| prudent fiscal policy \| balance of payment \| government revenue \| debt reduction \| foreign loans \| excessive borrowing \| public finance \| external public debt \| fiscal decentralization \| fiscal program \| external debt management \| government expenditure \| debt service payment \| commercial creditors \| principal repayments \| substantial debt \| fiscal imbalances \| nonconcessional debt \| reserve assets \| tax returns \| long-term loans \| fiscal policy objectives \| external payments arrears \| foreign interest payments \| short-term debt \| spending cuts \| substantial debt relief \| bilateral donors \| public spending \| total external debt \| fiscal indicators \| debt management policy \| amount of debt \| tax revenue \| repayments \| fiscal control \| debt stock \| fiscal devolution \| tax system \| government expenditures \| government spending \| debt service obligations \| external payments

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/329 7 pages long
Source:	RePEc - Research Papers in Economics

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