Republic of Congo: Staff Report for the 2003 Article IV Consultation and a New Staff-Monitored Program
Volume/Issue:
Volume 2003
Issue 193
Publication date: June 2003
ISBN: 9781451808537
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
| Paperback | ePub | Mobi | ||
| English |
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book
This title contains information about the following subjects.
Click on a subject if you would like to see other titles with the same subjects.
Business and Economics , Exports and Imports , Economics- Macroeconomics , Taxation - General , Industries - Energy , ISCR , CR , government , debt , petroleum price Brent , obligations vis-à-vis , Société Nationale des Pétroles du Congo , concessional debt , debt obligations vis-à-vis , debt service , Oil prices , Oil , gas and mining taxes , Fiscal stance , Oil sector , Africa
Summary
This paper examines the Republic of Congo’s 2003 Article IV Consultation and a New Staff-Monitored Program (SMP). Performance under IMF-supported programs and recent SMPs was disappointing. Major progress has been made in consolidating security and peace, and in establishing democratic institutions. The public finances deteriorated in 2002, reflecting a combination of expenditure overruns and a drop in non-oil revenue collection. The drop in non-oil revenue was more pronounced at customs, owing to large-scale fraud and widespread use of ad hoc exemptions. As a result, most targets under the 2002 SMP were missed.
Copyright © 2010 - 2026
Powered by:
AIDC