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Democratic Republic of the Congo :, Third Review of the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Request for Modification of Performance Criteria: Staff Report and Press Release on the Executive Board Discussion

Satisfactory policy implementation continues in the program under challenging conditions, but the uncertain economic, social, and political environment will test this commitment. The program is flexible to accommodate a partial pass-through of higher world oil prices to domestic fuel prices and further pro-poor spending, but ongoing fiscal discipline will be essential to achieve the program’s fiscal objectives. The implementation of revenue-enhancing measures will require political will. Executive Directors welcome the efforts to implement the broad range of reforms in extractive industries
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Recent Economic Developments and Prospects; Figures; 1. Real GDP Growth and Contribution of Key Sectors; 2. Exchange Rate and Inflation (CPI); 3. Gross International Reserves; 4. Copper Price and Terms of Trade; III. Program Performance; 5. Fiscal Indicators; 6. Central Bank Bills and Interest Rates; IV. Policy Issues; A. Policy Response to Higher Fuel and Food Prices; 7 Changes in the Fiscal Position in 2011; B. Structural Reform and Governance; C. Program Risks; V. Staff Appraisal; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (57 p.)
Specific Material Designation
Form Of Item

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