Democratic Republic of the Congo : Poverty Reduction and Growth Facility—Request for an Extension

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Release Date: © July, 2005
ISBN : 978-1-45180-837-7
Stock #: 1CODEA2005001
Stock Status: On back-order

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This paper discusses Congo’s Request for an Extension for the Poverty Reduction and Growth Facility (PRGF). The extension will provide additional time for the completion of the fifth review under the PRGF. The review was delayed owing to slippages in the second half of 2004 that had led to a depreciation of the Congo franc and high inflation. As a result, three quantitative performance criteria for end-September 2004 were not met. The IMF staff supports the authorities’ request for an extension of the arrangement through October 31, 2005.


Economic policy , Economic stabilization , Monetary policy

More publications in this series: IMF Staff Country Reports