IMF Staff Reaches Staff-Level Agreement on the First Review of the Extended Credit Facility Arrangement with the Republic of Congo

Fiscal policy will need to maintain the delicate balance between supporting a robust economic recovery while safeguarding debt sustainability

An International Monetary Fund (IMF) team led by Pritha Mitra, Mission Chief for the Republic of Congo, conducted a virtual mission with the Congolese authorities during March 31-April 18, 2022, to discuss the first review of the three-year arrangement for the Republic of Congo under the Extended Credit Facility Arrangement.…

IMF Executive Board Concludes 2021 Article IV Consultation with the Republic of Congo

The COVID-19 pandemic and oil price shocks have taken a deep toll on the Congolese economy but there are signs of recovery

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Congo on Friday, September 24, 2021. The COVID-19 pandemic and oil price shocks have taken a deep toll on the Congolese economy but there are signs of recovery. Positive non-oil economic growth is…

Statement at the end of an IMF Mission to the Republic of Congo

The IMF team was received by President Denis Sassou-Nguesso

An IMF staff team headed by Abdoul Aziz Wane visited Brazzaville from September 25 to October 4, 2017 to collect information, including to reassess the country’s debt, discuss cash management with the authorities, and conduct a scoping for a diagnostic study on governance issues in the Republic of Congo. At the…

IMF Mission to Visit the Republic of Congo

At the request of the authorities of the Republic of Congo, a staff team from the International Monetary Fund (IMF) will visit Brazzaville from September 26 to October 4, 2017. The mission will take stock of recent economic developments, finalize the assessment of debt, and update macroeconomic projections.

IMF Staff Finalizes 2017 Article IV Consultation with the Republic of Congo and Initiates Discussions on a Possible IMF-Supported Financial Arrangement

An IMF staff team headed by Abdoul Aziz Wane visited Brazzaville from February 20 to March 8, 2017 to initiate discussions toward a possible financial arrangement that could be supported by the IMF, and finalize the discussions on the 2017 Article IV consultation

The team made significant progress in assessing the authorities’ policies for 2017 and the medium term, and their implications for fiscal sustainability and external stability. The authorities aim to strengthen the Republic of Congo’s buffers, in line with the regional objective to safeguard external stability. Discussions will continue in the…

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Meetings with the Heads of States of Central Africa

Ms. Christine Lagarde, Managing Director of the International Monetary fund (IMF), issued the following statement today in Yaoundé after her participation to a Heads of States of Central summit: “Discussions during today’s summit in Yaoundé today have been very fruitful. We discussed the economic impact on the six Central African…

IMF Managing Director to Visit Cameroon on December 23, 2016

At the invitation of President Paul Biya of Cameroon, Managing Director Christine Lagarde will be in Yaoundé on December 23, 2016 to participate in a summit of heads of state of six Central African countries (Gabon, Cameroon, Central African Republic, Chad, Republic of Congo and Equitorial Guinea) to discuss the…

IMF Staff Completes 2016 Article IV Mission to the Republic of Congo

An International Monetary Fund (IMF) team led by Dalia Hakura, Mission Chief for the Republic of Congo, visited Brazzaville during October 25-November 7, 2016 to conduct discussions for the 2016 Article IV review of the Congolese economy. Discussions focused on assessing the macroeconomic impact of the sharp decline in oil…

IMF Staff Completes 2016 Discussions with the Central African Economic and Monetary Community on Common Policies for Member Countries

A team from the International Monetary Fund (IMF), led by Mario de Zamaróczy, visited Libreville and Yaoundé during April 25–May 9, 2015 and held discussions with the institutions of the Central African Economic and Monetary Community (CEMAC) on common policies for member countries.[1] At the conclusion of the mission, Mr.…

CEMAC Officials Take Stock of Public Financial Management Reforms

The International Monetary Fund (IMF) and the Central African Economic and Monetary Community (CEMAC) held a regional seminar in Yaoundé on April 4–6, 2016. The event took stock of public financial management (PFM) reforms in the CEMAC countries since the adoption five years ago of regional directives that aim at…