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[null,"1.","Record Nr.",null,"UNINA9910787951803321"]
[null,null,"Titolo",null,"Republic of Congo : : Staff Report for the 2014 Article IV Consultation"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2014"]
[null,null,"ISBN",null,"1-4983-2027-9"]
[{"$nulls":4},"1-4983-7442-5"]
[{"$nulls":4},"1-4983-2729-X"]
[null,null,"Descrizione fisica",null,"1 online resource (75 p.)"]
[null,null,"Collana",null,"IMF Staff Country Reports"]
[null,null,"Disciplina",null,"309.1675"]
[null,null,"Soggetti",null,"Exports and Imports"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Public Finance"]
[{"$nulls":4},"Statistics"]
[{"$nulls":4},"Taxation"]
[{"$nulls":4},"National Government Expenditures and Related Policies: General"]
[{"$nulls":4},"Debt"]
[{"$nulls":4},"Debt Management"]
[{"$nulls":4},"Sovereign Debt"]
[{"$nulls":4},"International Lending and Debt Problems"]
[{"$nulls":4},"Business Taxes and Subsidies"]
[{"$nulls":4},"Fiscal Policy"]
[{"$nulls":4},"Public finance & taxation"]
[{"$nulls":4},"International economics"]
[{"$nulls":4},"Econometrics & economic statistics"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Public debt"]
[{"$nulls":4},"Expenditure"]
[{"$nulls":4},"Oil, gas and mining taxes"]
[{"$nulls":4},"External debt"]
[{"$nulls":4},"Public financial management (PFM)"]
[{"$nulls":4},"Taxes"]
[{"$nulls":4},"Fiscal stance"]
[{"$nulls":4},"Fiscal policy"]
[{"$nulls":4},"Debts, Public"]
[{"$nulls":4},"Debts, External"]
[{"$nulls":4},"Expenditures, Public"]
[{"$nulls":4},"Finance, Public"]
[{"$nulls":4},"Congo (Democratic Republic) Economic conditions"]
[{"$nulls":4},"Congo, Democratic Republic of the"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Description based upon print version of record."]
[null,null,"Nota di contenuto",null,"Cover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; FIGURES; 1. Macroeconomic Developments; BOXES; 1. Congo's Economic Relationship with China; OUTLOOK AND RISKS; 2. Governance and Business Environment; POLICY DISCUSSIONS; A. Strengthening the Fiscal Framework; 2. Public Investment, Debt Sustainability and Savings Tradeoffs; B. Strengthening Public Financial Management; C. Financial Sector Issues; D. Structural Reforms for Inclusive Growth; E. Asset and Liability Management and Other Issues; STAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators, 2011-19"]
[{"$nulls":4},"2. Medium-Term Balance of Payments, 2011-193. Central Government Operations, 2011-19; 4. Central Government Operations, 2011-19; 5. GFS Statement of the Central Government Operations, 2011-19; 6. Monetary Survey, 2009-14; 7. Banking Sector Financial Soundness Indicators, 2009-13; 8. Millennium Development Goals, 1990-2012; ANNEXES; I. Authorities' Implementation of 2013 Policy Recommendations; II. External Sector Assessment; III. Anchoring Fiscal Policy in the Medium Term; IV. Risk Assessment Matrix; CONTENTS; RELATIONS WITH THE FUND; WORLD BANK-IMF JOINT ACTION PLAN; STATISTICAL ISSUES"]
[{"$nulls":4},"APPENDIXPress Release"]
[null,null,null,"Sommario/riassunto","KEY ISSUES Economic context. Growth has been strong, inflation low, and fiscal buffers and international  reserves adequate. However, poverty and unemployment remain high, despite large government spending  financed from oil revenue. The business climate is among the most challenging and the private  credit-to-GDP ratio among the lowest in sub-Saharan Africa (SSA).  Outlook and Risks. The economy is projected to expand by about 6 percent per annum between 2014 and  2019, as new oil fields come on stream and an ambitious public investment program is implemented to  diversify the economy and make growth more inclusive. Oil production is expected to peak in 2017.  The medium-term outlook for non-oil growth and poverty reduction hinges on progress addressing  deep-seated structural weaknesses and fiscal adjustment. Risks to the outlook relate to oil price  volatility and political instability.  Policies. Macroeconomic policies should focus on meeting the economy’s social and development needs  while mitigating risks to macroeconomic stability in the longer term. •    The growth of government spending should be arrested and the 2014 budget  should not be  exceeded. Amid spending pressures related to the 2015 Africa Games and the 2016 presidential  elections, new fiscal developments should be reflected in a supplementary budget in 2014 to enhance  transparency. •    In view of the limited remaining lifetime of oil reserves, a gradual fiscal consolidation  should be targeted over the medium-term to safeguard fiscal and debt  sustainability. Ongoing  efforts to address implementation and absorptive capacity constraints need to be stepped up to  maximize the benefits from public investments. •    Consideration should be given to adopt the non-oil primary balance as the fiscal anchor. • The private sector’s supply response to public infrastructure spending should be maximized  through implementation of reforms to improve the business climate, support private investment, and  develop the financial sector. •    The pilot project for cash "]
[{"$nulls":4},"transfers should be well-targeted and monitored to reduce poverty. •    Compliance with reserves pooling requirements would insure the continued smooth operation of  the BEAC and the exchange rate peg, which both continue to serve the Republic of Congo well."]