Republic of Congo; Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document

This paper on the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) for the Republic of Congo explains medium-to-long-term strategy for poverty reduction. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing macroeconomic, financial, and structural reforms. Debt relief under the enhanced HIPC Initiative is expected to reduce Congoâ€™s external debt by about one-third. The authorities have emphasized that Congoâ€™s external debt remains unsustainably high and could further delay its economic and social reform programs.

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Year of publication:	2006-04-24
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	HIPC Initiative \| Poverty Reduction and Growth Facility \| Debt sustainability analysis \| External debt \| Exchange rates \| Economic indicators \| Debt relief \| Health care \| debt service \| public finance \| debt sustainability \| public debt \| traditional debt relief \| public and publicly guaranteed \| relief mechanisms \| commercial creditors \| current account \| government revenue \| debt relief mechanisms \| public expenditure \| traditional debt relief mechanisms \| fiscal balance \| debt dynamics \| primary fiscal balance \| debt burden \| stock-of-debt operation \| bilateral creditors \| debt-relief \| public sector debt \| debt reduction \| debt management \| current account balance \| debt stock \| fiscal revenues \| debt-service \| external public debt \| external debt burden \| debt service relief \| balance of payments \| multilateral debt \| fiscal revenue \| relief mechanism \| budget balance \| external debt indicators \| commercial debt \| traditional debt-relief mechanisms \| bilateral debt \| debt outstanding \| primary deficit \| multilateral creditors \| external debt management \| domestic debt \| fiscal surplus \| payment arrears \| external debt service \| net present value of debt \| budget expenditure \| budget management \| current account deficit \| government expenditures \| external liabilities \| external borrowing \| debt relief initiative \| multilateral debt relief \| debt structure \| repayments \| fiscal policy \| debt ratios \| public external debt \| government spending \| fiscal agency \| debt relief mechanism \| net debt \| capital expenditure \| bilateral agreement \| public and publicly guaranteed debt \| traditional debt relief mechanism \| debt ratio \| fiscal position \| domestic currency \| debt management agency \| debt moratorium \| external debt sustainability \| central bank \| fiscal aggregates \| external debt data \| debt management issues \| debt overhang \| external payment \| tax base \| principal repayment \| debt data \| national budget \| fiscal affairs department \| national debt \| principal repayments \| current account surplus \| domestic creditors \| fiscal deficits \| external loans \| fiscal flows \| short-term debt \| fiscal consolidation \| ppg debt \| fiscal affairs \| fiscal assumptions \| public spending \| tax revenues \| total external debt \| government budgets \| national debt management \| bilateral loans \| prudent fiscal policy \| external debt stock \| private sector debt \| debtor country \| commercial debts \| fiscal transparency \| fiscal rule \| long-term debt \| debt restructuring \| public sector borrowing \| bilateral agreements \| tax administration \| private creditors \| primary budget balance \| multilateral loans \| coverage of debt \| fiscal accounts \| bilateral donors \| debt service obligations \| taxation \| currency debt \| stock of debt \| tax evasion

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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 06/148 6 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244813