Sustaining more Inclusive Growth in the Republic of Congo

Author: Ms. Dalia S Hakura, Mr. Adrian Alter, Matteo Ghilardi, Mr. Rodolfo Maino, Mr. Cameron McLoughlin, and Mr. Maximilien Queyranne

Volume/Issue: Volume 2015 Issue 002

Publication date: February 2015

ISBN: 9781498317702

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Topics covered in this book

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Economics- Macroeconomics , Public Finance , Taxation - General , DPPP , DP , investment , revenue , oil revenue , Congo government , MTN Congo , natural resource , fiscal policy , property tax , investment efficiency , insurance market , United Nations Human Development Index score , transfer program , Public investment spending , Income inequality , Oil , gas and mining taxes , Africa , Global , Sub-Saharan Africa , standard of living , scaled-up investment scenario , return on assets , investment-growth linkage , economic growth

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Summary

The Republic of Congo has seen dramatic improvement in its debt situation since 2010, following debt relief through the IMF and World Bank Heavily Indebted Poor Countries/Multilateral Debt Relief Initiative. Large oil revenues have allowed the country to boost spending and increase foreign exchange reserves. Yet poverty and inequality remain comparatively high. This paper examines Congo’s challenge to manage its natural resource revenue and attain sustained inclusive growth.