The staff report for the First Review Under the Poverty Reduction and Growth Facility on the Republic of Congo highlights economic development and fiscal policy. Reflecting the rise in oil prices, the fiscal and current account balance position improved significantly. Congo’s medium-term...

The Growth and Poverty Reduction Strategy was implemented in an extremely challenging environment, adversely affecting the conduct of macroeconomic and sector policies. The accomplishments in regard to sector policies are highly encouraging. There was notable progress in the administration of...

Congo’s first full Poverty Reduction and Growth Strategy underpinned the economic policy during a particularly challenging transitional period. The difficulty is in implementing the program in a rapidly evolving institutional environment. Developments during recent years demonstrate Congo’s...

This paper reviews Congo’s Performance Under the Staff-Monitored Program (SMP) and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility. Improvements in the political environment and an increased focus on economic management since late 2002 have already led to...

The government of the Republic of Congo launched a program aimed at consolidating peace and promoting economic and social development. The objectives included improvement of governance and consolidation of peace and security, promotion of growth and macroeconomic stability, improvement of public...

This note reviews the Republic of Congo’s Poverty Reduction, Growth and Employment Strategy Paper (PRSP). PRSP outlines a comprehensive framework for the reduction of poverty and emphasizes diversifying the economy to generate employment, provide social services and reduce the vulnerability of...

This Joint Staff Advisory Note reviews the first annual progress report (APR) on implementation of the Poverty Reduction Strategy (PRS) in the Republic of Congo. The adoption of Congo’s first full Poverty Reduction Strategy Paper was an important step toward consolidating macroeconomic...

This Joint Staff Advisory Note examines Congo’s Interim Poverty Reduction Strategy Paper (I-PRSP). The I-PRSP recognizes the lack of recent and good quality data on poverty, and recommends new surveys and studies to improve poverty assessment and analysis. On the basis of the sparsely...

This paper reviews the first annual progress report (APR) on implementation of the Poverty Reduction Strategy (PRS) in the Republic of Congo. The paper discusses that a number of stages in PRS implementation have already been completed. The PRS is being implemented in an international economic...

This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility (PRGF) for the Republic of Congo. Policy implementation through the first half of 2009 was satisfactory. All quantitative performance criteria and all but one of the structural benchmarks were...