Republic of Congo; Enhanced Heavily Indebted Poor Countries (HIPC) Initiative: Preliminary Document

This paper reviews the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative of the Republic of Congo. Emerging from a conflict situation, and starting from a low base, Congo has made significant progress in implementing financial and structural reforms, but large challenges remain. The overall improving political and security conditions allowed the authorities to make good progress toward restoring macroeconomic and financial stability. Debt relief under the enhanced HIPC Initiative would reduce Congoâ€™s external debt by nearly one-half.

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Year of publication:	2005-11-02
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Debt sustainability analysis \| Economic growth \| Economic indicators \| External debt statistics \| HIPC Initiative \| Poverty reduction strategy \| debt service \| external debt \| debt relief \| commercial creditors \| fiscal revenues \| bilateral creditors \| debt sustainability \| public and publicly guaranteed \| relief mechanisms \| traditional debt relief \| debt management \| public expenditure \| debt stock \| commercial debt \| fiscal balance \| debt-relief \| debt statistics \| stock of debt \| debt-service \| public finance \| debt service relief \| repayments \| government revenue \| traditional debt-relief mechanisms \| traditional debt relief mechanisms \| net present value of debt \| fiscal revenue \| primary fiscal balance \| external debt indicators \| debt relief mechanisms \| stock-of-debt operation \| budget balance \| debt data \| debt outstanding \| debt service to exports \| debt service to export \| external debt service \| total debt stock \| public spending \| multilateral creditors \| external debt burden \| domestic debt \| debt reduction \| current account balance \| multilateral debt \| balance of payments \| debt situation \| current account \| external debt data \| debt burden \| bilateral debt \| local taxes \| categories of debt \| tax base \| fiscal position \| debt reporting \| debt management agency \| debt information \| debt service projections \| principal repayment \| external debt sustainability \| principal repayments \| bilateral donors \| government budget \| debt management system \| fiscal agency \| expenditure programs \| fiscal accounts \| external debt management \| public external debt \| public and publicly guaranteed debt \| government budgets \| tax burden \| fiscal consolidation \| capital expenditure \| fiscal rule \| debt restructuring \| budget management \| debt negotiation \| tax administration \| primary budget balance \| external financing \| primary expenditure \| tax administrations \| external debt situation \| expenditure policy \| public expenditures

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/391 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005598961