Democratic Republic of the Congo Fourth Review Under the Extended Credit Facility, Request for Modification of Quantitative Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo

This paper presents Democratic Republic of the Congo’s Fourth Review under the Extended Credit Facility, Request for Modification of Quantitative Performance Criterion, and Financing Assurances Review. Ongoing macroeconomic pressures and looming risks call for prudent fiscal policy to preserve fisca...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 03325nmm a2200637 u 4500
001 EB002214437
003 EBX01000000000000001351398
005 00000000000000.0
007 cr|||||||||||||||||||||
008 240607 ||| eng
020 |a 9798400244438 
245 0 0 |a Democratic Republic of the Congo  |b Fourth Review Under the Extended Credit Facility, Request for Modification of Quantitative Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2023 
300 |a 115 pages 
651 4 |a Congo, Democratic Republic of the 
653 |a Revenue administration 
653 |a Public debt 
653 |a International Organizations 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Monetary economics 
653 |a International agencies 
653 |a Debt Management 
653 |a Fiscal Policy 
653 |a Debts, Public 
653 |a Debt 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a External debt 
653 |a Debts, External 
653 |a International organization 
653 |a National Government Expenditures and Related Policies: General 
653 |a Sovereign Debt 
653 |a Expenditure 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a International institutions 
653 |a International Economics 
653 |a Expenditures, Public 
653 |a Macroeconomics 
653 |a Monetary policy 
653 |a Public Finance 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Finance: General 
653 |a Revenue 
653 |a International Agreements and Observance 
710 2 |a International Monetary Fund  |b African Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9798400244438.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2023/244/002.2023.issue-244-en.xml?cid=535737-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper presents Democratic Republic of the Congo’s Fourth Review under the Extended Credit Facility, Request for Modification of Quantitative Performance Criterion, and Financing Assurances Review. Ongoing macroeconomic pressures and looming risks call for prudent fiscal policy to preserve fiscal sustainability and macroeconomic stability, supported by tighter monetary policy to reduce inflationary pressures. The program remains focused on fiscal consolidation through mobilizing domestic revenue, curbing nonpriority spending and enhancing spending efficiency; building reserves buffers and capacity for policy formulation; and strengthening governance. The fiscal deficit is expected to narrow in 2023, which will support monetary policy in curbing inflation. Reforms to strengthen the rule of law and the judiciary system, curb corruption, and improve transparency in the mining sector and public finances are critical to improve the business climate for private investment and economic diversification