(AGENPARL) – lun 24 luglio 2023 [IMF Country Reports](http://www.imf.org/external/pubs/cat/scr1_sp.aspx?s_year=1997&e_year=2012&brtype=default)
[Open in your browser](http://www.imf.org/en/Publications/CR/Issues/2023/07/24/Republic-of-Congo-Republic-of-Congo-Third-Review-under-the-Three-year-Arrangement-under-the-536899?cid=em-COM-123-46945)
http://www.imf.org/en/Publications/CR/Issues/2023/07/24/Republic-of-Congo-Republic-of-Congo-Third-Review-under-the-Three-year-Arrangement-under-the-536899?cid=em-COM-123-46945
[Country Report No. 2023/271 : Republic of Congo: Republic of Congo: Third Review under the Three-year Arrangement under the Extended Credit Facility, Requests for Modification and Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Congo](http://www.imf.org/en/Publications/CR/Issues/2023/07/24/Republic-of-Congo-Republic-of-Congo-Third-Review-under-the-Three-year-Arrangement-under-the-536899?cid=em-COM-123-46945)
JULY 24, 2023
http://www.imf.org/en/Publications/CR/Issues/2023/07/24/Republic-of-Congo-Republic-of-Congo-Third-Review-under-the-Three-year-Arrangement-under-the-536899?cid=em-COM-123-46945
As declining oil prices and rising funding costs challenge Congo’s economic recovery, public debt remains high, and additional fiscal consolidation needs to compensate past fiscal slippages. Newly recognized domestic arrears and the temporary accumulation of new external arrears impede progresses made in debt repayment, implying that debt remains sustainable but “in distress”. Economic recovery will depend on regaining fiscal space, reducing debt levels, and continuing reforms promoting improvements in revenue generation, debt management, governance, and transparency. The second review of the three-year Extended Credit Facility (ECF) arrangement (SDR 324 million, 200 percent of quota) that was concluded by the IMF Executive Board on February 6, 2023, provided support for this process.
[READ MORE](http://www.imf.org/en/Publications/CR/Issues/2023/07/24/Republic-of-Congo-Republic-of-Congo-Third-Review-under-the-Three-year-Arrangement-under-the-536899?cid=em-COM-123-46945)
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