This paper presents Democratic Republic of the Congo's Fifth Review under the Extended Credit Facility, Requests for Modification of Quantitative Performance Criteria, Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review. The Democratic Republic of the Congo's growth...

This paper presents Republic of Congo's Third Review under the Three-Year Arrangement under the Extended Credit Facility, Requests for Modification of Performance Criteria, Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review. Strengthened economic recovery remains...

This paper presents Democratic Republic of the Congo's Fourth Review under the Extended Credit Facility, Request for Modification of Quantitative Performance Criterion, and Financing Assurances Review. Ongoing macroeconomic pressures and looming risks call for prudent fiscal policy to preserve...

This paper on Republic of Congo focuses on poverty reduction and growth strategy. The diagnostic analysis of the socio-economic situation shows that the Congo still faces many challenges. It is recommended to strengthen the quality, capacities, and efficiency of the system, and manage human...

This Selected Issues paper focuses on the prospects of growth in Sao Tome and Principe (STP). This case study seeks explanations for STP's relative under-performance and draws lessons for the future. It compares past economic developments in the islands and recommends policies that could most...

KEY ISSUES Context and outlook: Despite strong macroeconomic performance under the Fund- supported program (2009-12) with economic activity steadily accelerating and inflation declining sharply, poverty remains pervasive and the economy vulnerable, exposing this progress to reversal. Limited...

Macroeconomic gains under the program so far are partly overshadowed by recurrent shocks. Due to the war in Ukraine and global economic developments, the Democratic Republic of the Congo is experiencing a terms-of-trade shock associated with rising energy and food prices (pushing inflation above...

The COVID-19 pandemic exacerbated long-standing socio-economic vulnerabilities, which were further compounded by persistent energy shortages, flood-related damages at end-2021, and a sharp increase in global fuel and food prices caused by the war in Ukraine. These have put pressure on domestic...

This Selected Issues paper on the Democratic Republic of the Congo (DRC) focuses on building resilience and exploring opportunities from climate change. Addressing the challenges associated with climate change in the DRC requires a good understanding of its exposure to climate vulnerabilities as...

This paper highlights Democratic Republic of the Congo (DRC) the 2022 Article IV Consultation, Second Review under the Extended Credit Facility (ECF) Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review. The DRC's macroeconomic environment has improved...