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Republic of Congo: Enhanced Heavily Indebted Poor Countries Initiative — Completion Point Document and Multilateral Debt Relief Initiative

This paper discusses the Republic of Congo’s (Congo) progress under the enhanced Initiative for Heavily Indebted Poor Countries (HIPC). In the view of the staffs of the International Development Association (IDA) and the International Monetary Fund (IMF), this progress is sufficient for recommending to their respective Boards of Executive Directors the approval of the completion point for Congo under the enhanced HIPC Initiative. The authorities have fully implemented the completion point triggers on the Poverty Reduction Strategy (PRS), macroeconomic stability, public financial management, governance, reforms in the health and education sectors, and debt management; and have also established a satisfactory track record of implementation in public investment management, procurement, and governance and oil sector management.