Republic of congo staff monitored program fund international monetary. Democratic Republic of the Congo : staff 2019-03-12

Republic of congo staff monitored program fund international monetary Rating: 4,1/10 1249 reviews

Republic of Congo : Poverty Reduction Strategy Paper : IMF Staff Country Reports: Republic of Congo

republic of congo staff monitored program fund international monetary

The E-mail message field is required. Regarding the action plan to address institutional and procedural deficiencies in the commercialization of oil, we intend to strengthen it further to bring it fully in line with international best practice. Social and political stability has improved in Congo, but the security situation is fragile. They are hosted in remote areas where communities already struggle to access water, food and healthcare. For 2019, the mission recommended adjustments to the draft budget, to incorporate the impact of lower economic activity on non-oil revenues, and the need to reduce non-priority spending. You can help correct errors and omissions. Inflation Developments, January 2005-December 2007; 3.

Next

Republic of Congo: Agreement reached with the IMF to support a program of economic and financial reforms

republic of congo staff monitored program fund international monetary

This program will need to be based on a scaling up of public investment, once the necessary conditions to ensure the effective and efficient use of these resources are in place. You can help adding them by using. The programme includes no concessional funding but can pave the way for future funding and debt relief. All alerts in affected areas, in other provinces, and in neighbouring countries continue to be monitored and investigated. Financial conditions remain very tight, and non-performing loans are rising.

Next

Republic of Congo; Staff

republic of congo staff monitored program fund international monetary

Additionally, the security situation in North Kivu and Ituri at times limits the implementation of response activities. However, refugees continue to live in difficult conditions. At the same time, thanks to a substantial expansion in oil revenues, the overall fiscal balance is expected to shift into surplus in 2018. Travellers should seek medical advice before travel and should practice good hygiene. Selected Economic and Financial Indicators, 2006-10; 2. However, stronger than expected tax collections earlier this year should help offset these losses, leaving our projections for non-oil revenue unchanged for the full year.

Next

Republic of Congo

republic of congo staff monitored program fund international monetary

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. In particular, the program seeks to restore debt sustainability and targets a wide range of reforms to improve governance, reduce corruption, and achieve greater transparency and efficiency in the management of public resources, especially in the oil sector. It also allows you to accept potential citations to this item that we are uncertain about. The continuous benchmark on the quarterly certification of oil revenue has not yet been observed because of technical difficulties on the part of the international auditor, but should be completed shortly. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jim Beardow or Hassan Zaidi The email address of this maintainer does not seem to be valid anymore. We will continue to consult with Fund staff and our development partners on the details of these additional investment projects; and any disbursements for these investments will be offset by expenditure cuts elsewhere, to ensure there is no further widening of the non-oil primary deficit this year. We are deeply concerned about the sharp rise in world oil prices and fear the potential for social unrest and instability of passing through recent increases at this time.

Next

Ebola virus disease

republic of congo staff monitored program fund international monetary

The programme includes no concessional funding but can pave the way for future funding and debt relief. The conclusion of this agreement will also allow the Republic to benefit from other bilateral financing, as recently mentioned by the French Minister of the Economy by announcing a support of 135 million euros conditioned to the conclusion of a program. Medium Term Balance of Payments, 2006-10; 5. There is currently no licensed vaccine to protect people from the Ebola virus. These negotiations do not concern international bondholders. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.

Next

Republic of Congo; Staff

republic of congo staff monitored program fund international monetary

The Journal Africa Research Bulletin: Economic, Financial and Technical Series — Wiley Published: Nov 1, 2007. Suggested Citation Corrections All material on this site has been provided by the respective publishers and authors. This will require some adjustments to the 2019 Draft Budget, implementation of reforms to improve governance and transparency, and the provision of explicit assurances on financing from external official creditors, including debt relief, which is needed to restore debt sustainability. The reignited dispute is reported to have killed dozens, with around 150 injured arriving in Congo-Brazzaville. Contents: Cover; Contents; Executive Summary; I.

Next

Republic of Congo / International Monetary Fund / Staff

republic of congo staff monitored program fund international monetary

As the risk of national and regional spread is very high, it is important for neighbouring provinces and countries to enhance surveillance and preparedness activities. You can help adding them by using. The rainy season and floods in the area have left new arrivals exposed to malaria and water diseases. It also allows you to accept potential citations to this item that we are uncertain about. The public finances deteriorated in 2002, reflecting a combination of expenditure overruns and a drop in non-oil revenue collection. Reforms are needed to reduce fuel subsidies and increase the efficiency of decentralized government units that continue to register operational deficits.

Next

Republic of Congo : Staff

republic of congo staff monitored program fund international monetary

Concerned about the social consequences of such increases, we are taking short-term measures to reduce temporarily value-added taxes and tariffs on some food imports including wheat, rice, vegetable oil, and powdered milk and some other items consumed mainly by the poor for example, charcoal, corrugated tin. You can help correct errors and omissions. This will require more time than we envisaged earlier and technical assistance from the World Bank and our other development partners. As a result, overall growth is unlikely to exceed 1 percent in 2018 - one percentage point lower than earlier projections. A high number of cases are still being reported, most notably from the metropolitan areas of Katwa Health Zone during the past week. This allows to link your profile to this item. During the last 21 days 26 December 2018 through 15 January 2019 , 79 new cases have been reported from 11 health zones Figure 2 , including: Katwa 36 , Oicha 14 , Butembo 11 , Beni 4 , Mabalako 4 , Kalungata 3 , Kyondo 3 , Komanda 1 , Musienene 1 , Biena 1 and Manguredjipa 1.

Next