TY - BOOK ID - 85674117 TI - Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo AU - Melina, Giovanni. AU - Selim, Hoda. AU - Verdugo Yepes, Concha. PY - 2019 SN - 1498318339 1498318290 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Corporations KW - Corporate bribery KW - Corporate corruption KW - Corporate crime KW - Business ethics KW - Commercial crimes KW - Corrupt practices. KW - Investments: Energy KW - Public Finance KW - Taxation KW - Criminology KW - Exhaustible Resources and Economic Development KW - Hydrocarbon Resources KW - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General KW - Bureaucracy KW - Administrative Processes in Public Organizations KW - Corruption KW - National Government Expenditures and Related Policies: Infrastructures KW - Other Public Investment and Capital Stock KW - Energy: General KW - Business Taxes and Subsidies KW - Public finance & taxation KW - Investment & securities KW - white-collar crime KW - Oil KW - Public investment spending KW - Public investment and public-private partnerships (PPP) KW - Oil, gas and mining taxes KW - Commodities KW - Crime KW - Expenditure KW - Taxes KW - Petroleum industry and trade KW - Public investments KW - Public-private sector cooperation KW - Congo, Democratic Republic of the UR - https://www.unicat.be/uniCat?func=search&query=sysid:85674117 AB - This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result of limited transparency and accountability. Corruption has potentially contributed to poor macro-fiscal outcomes. The paper acknowledges the authorities’ anti-corruption efforts made so far and proposes further critical reforms to reduce remaining vulnerabilities. Using a dynamic stochastic general equilibrium model results show that, depending on the reforms adopted, the potential additional growth can range between 0.8 to 1.8 percent per year over the next 10 years, and debt can decline by 2.25 to 3 percent of GDP per year over the same period. These results suggest that macrofiscal gains from anti-corruption reforms could be substantial even under conservative reform scenarios. ER -