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Republic of Congo: Staff-Monitored Program

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  • International Monetary Fund

Abstract

Social and political stability has improved in Congo, but the security situation is fragile. Executive Directors welcomed the Staff-Monitored Program (SMP), which was designed to safeguard fiscal and external stability. They stressed the need for stabilizing the economy and pursuing structural reforms with a view for achieving sustainable growth, reducing poverty, diversifying the economy, and benefiting from enhanced HIPC Initiative debt relief. As a sign of their renewed commitment to reengagement with the IMF, authorities established a new organizational structure for better monitoring and implementation of the economic and financial program.

Suggested Citation

  • International Monetary Fund, 2008. "Republic of Congo: Staff-Monitored Program," IMF Staff Country Reports 2008/173, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/173
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