Republic of Congo : 2001 Article IV

2001 Article IV

Republic of Congo : 2001 Article IV
The primary source of hyperinflation has been unbridled monetization of an uncontrolled budgetary deficit. The Central Bank of the Congo (BCC) has lost control of monetary policy, and its role has been reduced to financing the fiscal deficit. The IMF staff agrees with the government that achievement of the major targets requires a strong fiscal... READ MORE...

Publication date: January 2001
ISBN 9781451841114
$15.00

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