Republic of Congo

KEY ISSUESEconomic context. Growth has been strong, inflation low, and fiscal buffers and international reserves adequate. However, poverty and unemployment remain high, despite large government spending financed from oil revenue. The business climate is among the most challenging and the private credit-to-GDP ratio among the lowest in sub-Saharan Africa (SSA).Outlook and Risks. The economy is projected to expand by about 6 percent per annum between 2014 and 2019, as new oil fields come on stream and an ambitious public investment program is implemented to diversify the economy and make growth

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Year of publication:	2014
Authors:	African Dept., International Monetary Fund
Publisher:	Washington : International Monetary Fund
Subject:	Kongo (Republik) \| Congo (Republic) \| Kongo (Demokratische Republik) \| Congo (Democratic Republic) \| Wirtschaftslage \| Macroeconomic performance \| Entwicklung \| Economic development

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Extent:	Online-Ressource (75 p)
Series:	IMF Staff Country Reports ; v.Country Report No. 14/272
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; FIGURES; 1. Macroeconomic Developments; BOXES; 1. Congo's Economic Relationship with China; OUTLOOK AND RISKS; 2. Governance and Business Environment; POLICY DISCUSSIONS; A. Strengthening the Fiscal Framework; 2. Public Investment, Debt Sustainability and Savings Tradeoffs; B. Strengthening Public Financial Management; C. Financial Sector Issues; D. Structural Reforms for Inclusive Growth; E. Asset and Liability Management and Other Issues; STAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators, 2011-19 2. Medium-Term Balance of Payments, 2011-193. Central Government Operations, 2011-19; 4. Central Government Operations, 2011-19; 5. GFS Statement of the Central Government Operations, 2011-19; 6. Monetary Survey, 2009-14; 7. Banking Sector Financial Soundness Indicators, 2009-13; 8. Millennium Development Goals, 1990-2012; ANNEXES; I. Authorities' Implementation of 2013 Policy Recommendations; II. External Sector Assessment; III. Anchoring Fiscal Policy in the Medium Term; IV. Risk Assessment Matrix; CONTENTS; RELATIONS WITH THE FUND; WORLD BANK-IMF JOINT ACTION PLAN; STATISTICAL ISSUES APPENDIXPress Release
ISBN:	978-1-4983-4717-4 ; 978-1-4983-2729-9 ; 978-1-4983-4717-4
Source:	ECONIS - Online Catalogue of the ZBW

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