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This 2007 Article IV Consultation highlights that the implementation of the Poverty Reduction and Growth Facility (PRGF)-supported program was broadly satisfactory for Congo in 2004–05. However, expenditure overruns and delays in structural reforms pushed the program off track in 2006. Discussions are continuing on an IMF staff-monitored program aimed at establishing a solid track record that could pave the way for resuming discussions on the PRGF-supported program. Macroeconomic performance was mixed in 2006. Real GDP growth is estimated at 6.1 percent in 2006. The outlook for 2007 and the medium term is uncertain.
Fiscal policy --- Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- Government policy --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Congo (Brazzaville) --- Congo (People's Republic) --- Congo Republic (Brazzaville) --- Kongo (Brazzaville) --- Ludowa Republika Konga --- Narodnai︠a︡ Respublika Kongo --- People's Republic of the Congo --- R.P.C. (République populaire du Congo) --- Repubilika ya Kôngo --- Republic of Congo (Brazzaville) --- Republic of the Congo (Brazzaville) --- Republíki ya Kongó --- République du Congo (Brazzaville) --- République populaire du Congo --- ROC (Republic of Congo) --- RPC --- West Congo --- Middle Congo --- Economic conditions. --- Investments: Energy --- Macroeconomics --- Public Finance --- Production and Operations Management --- Energy: General --- Business Taxes and Subsidies --- Energy: Demand and Supply --- Prices --- Fiscal Policy --- National Government Expenditures and Related Policies: General --- Investment & securities --- Public finance & taxation --- Oil --- Oil, gas and mining taxes --- Oil prices --- Fiscal stance --- Expenditure --- Commodities --- Taxes --- Petroleum industry and trade --- Expenditures, Public --- Congo, Democratic Republic of the
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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.
Poverty --- Debt relief --- Finance, Public --- Cameralistics --- Public finance --- Public finances --- Currency question --- Debt renegotiation --- Debt rescheduling --- Debt restructuring --- Relief, Debt --- Renegotiation, Debt --- Rescheduling, Debt --- Restructuring, Debt --- Debtor and creditor --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Law and legislation --- Congo (Brazzaville) --- Congo (People's Republic) --- Congo Republic (Brazzaville) --- Kongo (Brazzaville) --- Ludowa Republika Konga --- Narodnai︠a︡ Respublika Kongo --- People's Republic of the Congo --- R.P.C. (République populaire du Congo) --- Repubilika ya Kôngo --- Republic of Congo (Brazzaville) --- Republic of the Congo (Brazzaville) --- Republíki ya Kongó --- République du Congo (Brazzaville) --- République populaire du Congo --- ROC (Republic of Congo) --- RPC --- West Congo --- Middle Congo --- Economic conditions. --- Budgeting --- Public Finance --- Criminology --- National Government Expenditures and Related Policies: General --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Auditing --- National Budget --- Budget Systems --- Bureaucracy --- Administrative Processes in Public Organizations --- Corruption --- Public finance & taxation --- Management accounting & bookkeeping --- Budgeting & financial management --- Corporate crime --- white-collar crime --- Public financial management (PFM) --- Public investment spending --- Expenditure --- Budget planning and preparation --- Crime --- Public investments --- Expenditures, Public --- Budget --- Congo, Democratic Republic of the --- White-collar crime
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