Republic of Congo; 2004 Article IV Consultation and New Staff-Monitored Programâ€”Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo

This paper examines Congoâ€™s 2004 Article IV Consultation and New Staff-Monitored Program (SMP). In the context of improved security, the pace of economic activity in the non-oil sector has increased. Non-oil real GDP increased by about 10 percent per year on average during 2000â€“03. Consumer price inflation decelerated significantly in the postwar period. The fiscal position in 2003 improved from the exceptionally poor performance of 2002, but the underlying fiscal effort was weak relative to the 2003 budget.

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Year of publication:	2004-08-02
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| Staff Reports \| Staff-monitored programs \| debt service \| external debt \| public debt \| fiscal balance \| balance of payments \| debt relief \| payment arrears \| primary fiscal balance \| capital expenditure \| central bank \| budget law \| public finance \| current account \| external payment \| budget balance \| fiscal policy \| domestic debt \| external public debt \| primary expenditure \| multilateral creditors \| government revenue \| fiscal discipline \| debt burden \| public expenditure \| external debt service \| fiscal management \| external financing \| debt stock \| fiscal position \| foreign debt \| budget expenditures \| public and publicly guaranteed \| external debt burden \| debt sustainability \| debt service payments \| taxation \| public expenditures \| private creditors \| concessional debt \| fiscal agency \| debt outstanding \| tax rates \| current account balance \| domestic financing \| primary budget balance \| tax revenue \| fiscal surplus \| public sector debt \| long-term fiscal sustainability \| debt service to exports \| debt rescheduling \| repurchases \| tax base \| expenditure policy \| commercial creditors \| revenue collection \| fiscal sustainability \| tax administration \| fiscal rule \| government debt \| government revenue ratio \| commercial debt \| tax policy \| external payments \| current account deficit \| nonconcessional debt \| public spending \| debt management \| debt-service \| bilateral creditors \| traditional debt relief \| fiscal operations \| external debt sustainability \| external resources \| fiscal performance \| external payments arrears \| debt management agency \| tax increases \| debt ratios \| general budget \| domestic debt stock \| indebted country \| budgetary process \| fiscal difficulties \| fiscal effort \| current account surplus \| loan disbursements \| external shocks \| debt data \| foreign loans \| traditional debt relief mechanisms \| official creditors \| fiscal resources \| general resources account \| imf repurchases \| fiscal liabilities \| debt relief mechanisms \| fiscal impact \| credit tranche \| fiscal expenditure \| export credit agency \| central government expenditure \| primary budget surplus \| domestic savings \| domestic debt data \| central banks \| stock-of-debt operation \| external debt stock \| fiscal reform \| fiscal prudence \| public external debt \| relief mechanisms \| budget management \| budget surplus \| fiscal expenditures \| government expenditure \| government expenditures \| heavily indebted country \| capital expenditures \| imf credit outstanding \| long-term debt \| fiscal burden \| fiscal accounts \| bilateral creditor \| government budget \| fiscal affairs \| debt situation \| public debt management \| fiscal subsidies \| fiscal deficit

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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 04/232 10 pages long
Source:	RePEc - Research Papers in Economics

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