Democratic Republic of the Congo : Review of the 2006 Staff-Monitored Program and a New Staff-Monitored Program for 2007: Staff Report; Staff Statement; Statement by the Executive Director for the Democratic Republic of the Congo

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Release Date: © September, 2007
ISBN : 978-1-45180-842-1
Stock #: 1CODEA2007002
English
Stock Status: On back-order

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Description

This paper reviews the 2006 Staff-Monitored Program (SMP) and a New Staff-Monitored Program for 2007 for the Democratic Republic of the Congo. Most quantitative and structural benchmarks under the SMP for April–December 2006 were not met; nevertheless, the SMP helped prevent major financial instability during the protracted electoral period. Cognizant of the need to reestablish macroeconomic stability, the government agreed on a policy framework for 2007 to be monitored by the IMF staff. Satisfactory performance under the SMP would open the way for discussions on a new arrangement under the Poverty Reduction and Growth Facility.

Taxonomy

Balance of payments , Economic policy , Fiscal policy , Monetary policy




More publications in this series: IMF Staff Country Reports