The International Monetary Fund (IMF) Staff Concludes Visit to the Republic of Congo

Significant progress was made during the mission on discussions on policy measures to address fiscal consolidation and advance key structural reforms

An International Monetary Fund (IMF) mission led by Roland Kpodar visited Brazzaville from October 19 to November 02 to hold discussions under the fourth review of the authorities’ program supported by the IMF Extended Credit Facility (ECF) approved by the IMF Executive Board on January 21, 2022 . At the end of…

International Monetary Fund (IMF) Staff Concludes Mission to the Republic of Congo for the Third Review of the Extended Credit Facility Arrangement

High global oil prices helped the country’s current account, but higher refined fuel import costs were subsidized by the government, thus widening the 2022 non-oil fiscal deficit

An International Monetary Fund (IMF) mission led by Roland Kpodar visited Brazzaville from May 8 to May 19 to hold discussions under the third review of the authorities’ program supported by the IMF Extended Credit Facility (ECF) approved in January, 2022 (see PR 22/11). At the end of the mission,…

International Monetary Fund (IMF) Executive Board Concludes Second Review Under the Extended Credit Facility Arrangement for the Republic of Congo and Approves US$87 million disbursement

Structural reforms under the authorities’ program are advancing, especially in procurement, management of public finances and debt, and publication of a decree on conflict of interests

The IMF Executive Board completed the second review under the Extended Credit Facility arrangement, enabling the Republic of Congo to draw the equivalent of SDR 64.80 million (about US$ 87 million). Strengthened economic recovery is gaining momentum but risks from lower oil prices and production and weak reform implementation remain.…

International Monetary Fund (IMF) Executive Board Concludes 2022 Third Review Under the Extended Credit Facility Arrangement with The Democratic Republic of the Congo

The completion of the Third Review allowed an immediate disbursement equivalent to SDR152.3 million (about US$ 203 million) to support balance-of-payment needs

The IMF Executive Board decision allows for an immediate disbursement of about US$203 million to the Democratic Republic of the Congo. This disbursement will help reinforce international reserves, given downside risks to the domestic and global economy outlook. Despite multiple shocks, economic activity has proven resilient supported by higher-than-envisaged mining…

International Monetary Fund (IMF) Staff Reaches Staff-Level Agreement on the Second Review of the Extended Credit Facility Arrangement with the Republic of Congo

Economic diversification and job creation, improved management of public finances as well as governance, transparency, and financial sector reforms will be key

The IMF team reached a staff-level agreement with the authorities of the Republic of Congo on the completion of the second review under the Extended Credit Facility; Economic recovery continues, despite the deteriorating international environment; Economic diversification and job creation, improved management of public finances as well as governance, transparency,…

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…