Republic of Congo: 2004 Article IV Consultation and New Staff-Monitored Program—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Congo

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International Monetary Fund, Aug 2, 2004 - Business & Economics - 105 pages
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This paper examines Congo’s 2004 Article IV Consultation and New Staff-Monitored Program (SMP). In the context of improved security, the pace of economic activity in the non-oil sector has increased. Non-oil real GDP increased by about 10 percent per year on average during 2000–03. Consumer price inflation decelerated significantly in the postwar period. The fiscal position in 2003 improved from the exceptionally poor performance of 2002, but the underlying fiscal effort was weak relative to the 2003 budget.
 

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Contents

IV Report on the Discussions
14
V Financing Gap Capacity to Pay and External Debt
24
VI Regional Integration and Trade Regime
25
VII Risks
26
Figures
29
Appendices
41
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