Republic of Congo : request for a three-year arrangement under the exted credit facility : press release; staff report; and statement by the Executive Director for the Republic of Congo
International Monetary Fund
A new wave of the COVID-19 pandemic is creating headwinds for the nascent economic recovery from the deep recession spurred by the pandemic's onset and related oil price shocks. Over the medium term, reforms supporting improved governance, economic diversification, and resilience will help confront challenges from climate change, and the global transition to low-carbon economies-gradually resulting in improved incomes, job creation, inequality, and exit from fragility. In the near term, fiscal space to address these challenges is limited. Although debt sustainability was recently restored, large liquidity risks and vulnerabilities remain. Due to arrears and on-going negotiations with an external commercial creditor, debt is classified as "in distress". The recent AIV consultation concluded on September 24, 2021
Year of publication: |
February 2022
|
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Institutions: | Internationaler Währungsfonds (issuing body) |
Publisher: |
Washington, D.C. : International Monetary Fund |
Subject: | Congolese authorities | government website | financing gap | debt vulnerability | support economic recovery | oil price shock | clearing arrears | Arrears | Oil | gas and mining taxes | Fiscal stance | Global | Schuldenmanagement | Debt management | Kongo (Republik) | Congo (Republic) | IWF-Kredit | IMF lending | Ölpreis | Oil price |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 112 Seiten) Illustrationen |
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Series: | IMF country report. - Washington, DC : IMF, ZDB-ID 2390611-X. - Vol. no. 22, 49 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature |
Language: | English |
ISBN: | 979-8-4002-0268-1 |
Other identifiers: | 10.5089/9798400202551.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013168979
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