Democratic Republic of the Congo: Second Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

Volume/Issue: Volume 2003 Issue 270
Publication date: August 2003
ISBN: 9781451808360
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Topics covered in this book

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Banks and Banking , Exports and Imports , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , government , Congo , government approval , commitment vis-à-vis , tax-payer identification number , World Bank's International Development Association , turnover tax law , Debt relief , Arrears , Debt service , Southern Africa , East Africa , Sub-Saharan Africa , Africa

Summary

For the past two years, the Democratic Republic of Congo has made considerable progress in consolidating its peace process, stabilizing its economic situation, and creating the conditions for sustainable economic growth and poverty reduction. The macroeconomic and fiscal performances under the IMF program were satisfactory. The government also made good progress on structural and sectoral reforms. The authorities have identified the key steps needed for the completion of the poverty reduction strategy paper. The IMF staff commends the authorities for the progress achieved in strengthening the tax and customs administration.