Republic of Congo: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 206

Publication date: June 2007

ISBN: 9781451808636

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Topics covered in this book

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Banks and Banking , Exports and Imports , Public Finance , Taxation - General , ISCR , CR , Congo , fiscal policy , authority , regime , PFM system , Congo river , government effectiveness , Congo's fiscal-policy option , Congo's experience , oil revenue management , nonoil GDP , management in Congo , Trade policy , Tariffs , Imports , Corruption , Financial sector , Sub-Saharan Africa , Central Africa , Africa

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Summary

This Selected Issues paper on the Republic of Congo analyzes the challenges of sustainable growth in the Republic of Congo. The paper highlights that it is paramount for the authorities to avoid repeating the experience of the 1980s, particularly in light of the projected decline in oil production over the next decade. It proposes a macroeconomic policy strategy that takes advantage of this unique opportunity to foster higher sustainable growth. The paper also provides a summary of various recent assessments of the quality of the Congo's public financial management system.