Coverart for item
The Resource Democratic Republic of the Congo : 2015 article IV consultation: press release: staff report: and statement by the Executive Director for Democratic Republic of the Congo

Democratic Republic of the Congo : 2015 article IV consultation: press release: staff report: and statement by the Executive Director for Democratic Republic of the Congo

Label
Democratic Republic of the Congo : 2015 article IV consultation: press release: staff report: and statement by the Executive Director for Democratic Republic of the Congo
Title
Democratic Republic of the Congo
Title remainder
2015 article IV consultation: press release: staff report: and statement by the Executive Director for Democratic Republic of the Congo
Title variation
Democratic Republic of the Congo, 2015 article IV consultation
Contributor
Subject
Genre
Language
eng
Summary
Context. Despite DRC's abundant natural resources and its robust growth and overall strong macroeconomic performance of the past five years, fiscal space remains limited and poverty widespread. While key social indicators improved, DRC will likely not achieve any of the Millennium Development Goals (MDGs) by 2015. Implementation of past policy recommendations was broadly satisfactory, but progress on critical structural reforms has stalled. DRC remains a fragile country with vulnerabilities on the rise. Outlook and risks. The outlook is favorable but vulnerable to adverse developments in commodity prices and spending pressures in the period leading to the 2016 presidential elections. A low foreign exchange reserves cushion leaves the economy vulnerable to external shocks. In addition, continued delays in adopting some economic legislations and lingering insecurity in parts of the country are also sources of risk. Key challenges. The main challenges in the short to medium term are to: (i) address competing demands given the limited budget resources in 2015-16, (ii) build more buffers to withstand possible shocks from both external and domestic sources, (iii) diversify the economy and make it more inclusive, and (iv) maximize the benefits to the population of natural resources exploitation. Policy recommendations. The authorities are urged to move swiftly to meet these challenges in order to preserve the hard-won gains and address rising inequality. In particular, they need to: (i) step up domestic revenue mobilization, (ii) reinforce the de-dollarization process and accumulate more international reserves; (iii) remove bottlenecks to private sector activity, (iv) strengthen governance and enhance transparency in the management of natural resources, and (v) implement the measures identified in the 2014 Financial Sector Assessment Program (FSAP) aimed at promoting both the soundness and inclusiveness of the financial system
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HC59.15.I15
LC item number
No. 15/280 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
International Monetary Fund
Series statement
IMF country report
Series volume
no. 15/280
http://library.link/vocab/subjectName
  • International Monetary Fund
  • International Monetary Fund
  • Economic development
  • Congo (Democratic Republic)
  • Mineral industries
  • Fiscal policy
  • Dollarization
  • Banks and banking, Central
  • Banks and banking
  • Financial risk management
  • Banks and banking, Central
  • Banks and banking
  • Dollarization
  • Economic development
  • Economic history
  • Financial risk management
  • Fiscal policy
  • Mineral industries
  • Congo (Democratic Republic)
  • Budget
  • Central bank
  • Exchange
  • Monetary fund
  • Reserves
  • Congo, Democratic Republic of the
Label
Democratic Republic of the Congo : 2015 article IV consultation: press release: staff report: and statement by the Executive Director for Democratic Republic of the Congo
Instantiates
Publication
Copyright
Note
"October 2015."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
925379753
Extent
1 online resource (75 pages)
Form of item
online
Isbn
9781513596662
Issn
1934-7685
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781513596662.002
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)925379753
Label
Democratic Republic of the Congo : 2015 article IV consultation: press release: staff report: and statement by the Executive Director for Democratic Republic of the Congo
Publication
Copyright
Note
"October 2015."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
925379753
Extent
1 online resource (75 pages)
Form of item
online
Isbn
9781513596662
Issn
1934-7685
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781513596662.002
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)925379753

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