02334cas a2200241 a 4500 AALejournalIMF016192 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513527970 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Republic of Congo : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Congo. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (95 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 This 2019 Article IV Consultation with Congo discusses that the economic situation remains difficult, however, there are some initial signs of stability, and non-oil growth could turn positive for the first time since 2015. The political environment is stable, though there is discontent with government policies due in part to the authorities' limited engagement with the private sector and civil society. In the near term, the expansion of oil production explains most of the projected recovery in growth. However, peak oil production will be reached in 2020 rather than 2019 as initially expected. Non-oil growth is expected to pick up gradually as the government starts implementing its arrears clearance strategy, which could have a positive impact on business confidence and credit growth. The report recommends pursuing fiscal consolidation efforts and concludes the debt restructuring process for external commercial debt to restore fiscal sustainability. It is imperative to continue to implement measures to improve governance and tackle corruption, including through the adoption of operational decrees for the High Authority on Corruption and the Commission on Transparency. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/026 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/026/002.2020.issue-026-en.xml IMF e-Library