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Democratic Republic of the Congo: 2007 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the C

2007 Article IV Consultation: Staff Report; Staff Supplement; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 327

Publication date: September 2007

ISBN: 9781451808414

$20.00

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , ISCR , CR , Congo , government , wage bill equivalent , real GDP , bill equivalent , Congolese authorities , public-private partnership contract , pay raise , budget call , transition government , debt relief , Debt relief , Public and publicly-guaranteed external debt , Sub-Saharan Africa , Africa , Southern Africa , Central Africa

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Summary

This 2007 Article IV Consultation highlights that the Democratic Republic of the Congo (DRC) has made significant economic and political progress since 2001, after years of conflict and political instability. Adoption of prudent macroeconomic policies resulted in rapid disinflation and the stabilization of the exchange rate. The implementation of structural reforms made the economy more open, removed major price distortions, and strengthened macroeconomic policy management. Executive Directors have encouraged the new government to work with all parties to improve security and bring peace to all country provinces.