01864cas a2200241 a 4500 AALejournalIMF003765 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451808582 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Congo : First Review Under the Poverty Reduction and Growth Facility Arrangement, and Requests for Waiver of Performance Criteria and Modification of Performance Criterion. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (80 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The staff report for the First Review Under the Poverty Reduction and Growth Facility on the Republic of Congo highlights economic development and fiscal policy. Reflecting the rise in oil prices, the fiscal and current account balance position improved significantly. Congo's medium-term prospects have improved significantly because of the rise in oil prices, notwithstanding the downward revision of oil production. In the banking sector, the government's key objectives are to promote greater market discipline and improve the governance framework as regards bank loans. Although Congo's recent progress provides a good basis for continued program implementation, important risks remain. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/301 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/301/002.2005.issue-301-en.xml IMF e-Library