Republic of Congo: Report on Progress Toward Meeting the Completion Point Triggers Under the Enhanced Heavily Indebted Poor Countries Initiative

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 215

Publication date: June 2007

ISBN: 9781451808650

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Topics covered in this book

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Public Finance , ISCR , CR , government , firm , IDA staff , coordination structure , government website , IMF staff , debt agency , purchasing authority , Public investment spending , Auditing , Corruption , Sub-Saharan Africa

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Summary

This paper discusses the Republic of Congo’s enhanced Heavily Indebted Poor Countries (HIPC) initiative. If the Republic of Congo is to effectively use the resources generated by the oil windfall to reduce poverty and ensure sustainable and equitable growth, improved prioritization of public investment resources and improved project management practices are required. The establishment of institutional structures to monitor reforms is a key test of the resolve of the government to meet the HIPC triggers.