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Democratic Republic of the Congo; Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Waiver of Performance Criteria and Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries-Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for ...

This paper discusses Congo’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Waiver of Performance Criteria. Overall performance under the program was satisfactory and at end-March 2004, 8 out of the 11 quantitative performance criteria were observed. The structural performance criterion was met. Economic growth has been higher than envisaged, and inflation has decelerated more rapidly than programmed. As expected, the end-2003, fiscal objectives were missed by less than 1 percent of GDP.
Year of publication:
2004-08-09
Institutions: International Monetary Fund (IMF) ; International Monetary Fund
Subject: Announcements | Heavily indebted poor countries | HIPC Initiative | Performance criteria waivers | Poverty Reduction and Growth Facility | Staff Reports | expenditure | debt relief | debt service | external debt | expenditures | central bank | domestic debt | current account | public debt | balance of payments | public expenditure | total expenditure | external debt service | expenditure management | commercial creditors | external financing | multilateral creditors | external public debt | domestic currency | debt sustainability | fiscal policy | budget expenditure | public expenditure management | debt rescheduling | debt sustainability analysis | bilateral creditors | current account balance | expenditure chain | capital expenditure | debt management | public finance | external borrowing | net present value of debt | external disbursements | private creditors | foreign debt | debt stock | stock-of-debt operation | stock of debt | debt service relief | domestic savings | expenditure control | private banks | domestic financing | public debt management | public expenditures | expenditure items | debt statistics | budget law | investment expenditure | expenditure management systems | public expenditure review | foreign aid | commercial debt | poverty-reducing expenditures | debt service payments | traditional debt relief mechanisms | payment arrears | composition of expenditure | debt settlement | domestic debt statistics | loan disbursements | external payments arrears | operating expenditures | public expenditure reviews | reserve management | external debt-service obligations | domestic borrowing | public expenditure control | composition of expenditures | debt-service obligations | external obligations | debt relief mechanisms | expenditure data | domestic public debt | public expenditure management systems | debt service obligations | external resources | defense expenditures | public finances | expenditure responsibilities | general resources account | poverty-reducing expenditure | distribution of expenditures | short-term debt | wage expenditure | debt management office | debt outstanding | relief mechanisms | public expenditure management area | bilateral agreements | capital expenditures | repayments | government expenditure | bilateral debt | budgetary expenditure | traditional debt relief | foreign aid disbursements | current account deficit | external payments
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series IMF Staff Country Reports Number 04/243 11 pages long
Source:
Persistent link: https://www.econbiz.de/10005768659
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