Democratic Republic of the Congo: Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility and for the First Annual Program

Author: International Monetary Fund

This paper examines the Democratic Republic of the Congo's Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for the First Annual Program. The authorities requested a three-year PRGF arrangement in support of their program covering April 1, 2002–July 31, 2005, in an amount equivalent to SDR 580 million. The authorities have also steadfastly implemented a Staff-Monitored Program covering June 2001–March 2002, aiming principally at stabilizing the economic situation, and laying the foundation for the restoration of growth and reconstruction.

Volume/Issue: Volume 2002 Issue 145

Publication date: July 2002

ISBN: 9781451808506

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Business and Economics , Political Science , Banks and Banking , Exports and Imports , Public Finance , Public Policy - Social Services and Welfare , Demography , ISCR , CR , Congo , DRC's arrears , authority , net bank credit , bank credit , PRGF loan , PRGF-supported program , reserve asset portion , Arrears , Poverty reduction strategy , Debt relief , Debt service , Africa , Sub-Saharan Africa

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Summary

This paper examines the Democratic Republic of the Congo’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for the First Annual Program. The authorities requested a three-year PRGF arrangement in support of their program covering April 1, 2002–July 31, 2005, in an amount equivalent to SDR 580 million. The authorities have also steadfastly implemented a Staff-Monitored Program covering June 2001–March 2002, aiming principally at stabilizing the economic situation, and laying the foundation for the restoration of growth and reconstruction.