TohidA/MONA · Datasets at Hugging Face

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Establishment by the government, based on information from the La Centrale des Risques, of a list of principal delinquent debtors of the Congolese banking system, and circulation of this list to banking establishments and Public Treasury.

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

PA

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Adoption by the government of a decree implementing a new price structure for refined petroleum products which incorporates: (i) an increase of CFAF 115/liter in the price of jet fuel sold to international airlines, (ii) an increase of CFAF 40/liter in the price of gasoil sold to international shipping companies, and (iii) a reduction of 25 percent in the margins (transport, storage, distribution, and marketing) in the price structure.

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Adoption by the government of a comprehensive plan for the settlement of domestic arrears; posting of the related policy on an Internet site.

1

09/30/2005

SB

N/A

1

2005-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.4

1.4. Combined expenditure and revenue measures

Implementation by the Hydrocarbons Unit of the Ministry responsible for Finance of the nine recommendations made by the international audit firm in the context of the certification of oil revenues in 2003, and increase in the staffing of this unit from three to six qualified officials.

1

03/31/2005

M

N/A

1

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.5

1.5. Debt Management

Quarterly publication on the Internet of the recipients of domestic debt payments.

1

03/31/2005

M

Met for P1R1.

1

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.5

1.5. Debt Management

Quarterly publication on the Internet of the recipients of domestic debt payments.

1

Quarterly

SB

N/A

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Completion, by an audit firm of international reputation and in accordance with international standards on auditing, of the external audit of the SNPC for 2003, and submission of the report to the government.

1

03/31/2005

M

N/A

1

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Preparation by the SNPC of a statement of sources and uses of funds for the consolidated activities of the SNPC group for 2004, and quarterly tables for 2005.

2

06/30/2005

SB

N/A

1

2

2005-06-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Centralization of all public revenues and execution of all public payments by the Treasury.

3

03/31/2005

M

Met for P1R1, although part of oil revenue due by Operator 6 was not received by the Treasury.

1

3

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Centralization of all public revenues and execution of all public payments by the Treasury.

3

Continuous

SB

N/A

1

3

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Quarterly certification of oil revenue by an audit firm of international reputation using the same terms of reference as for the 2003 certification; certification reports to be published on Internet sites.

1

03/31/2005

M

Met for P1R1, although part of oil revenue due by Operator 6 was not received by the Treasury.

1

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Quarterly certification of oil revenue by an audit firm of international reputation using the same terms of reference as for the 2003 certification; certification reports to be published on Internet sites.

1

Quarterly

SB

N/A

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication on Internet sites of a detailed statement of all hydrocarbons transactions (oil and gas)

2

03/31/2005

NM

Not met for P1R1

1

2

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication on Internet sites of a detailed statement of all hydrocarbons transactions (oil and gas)

2

Quarterly

SB

N/A

1

2

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Adoption by the government of a definitive strategy to refocus the activities of the SNPC on its core activities in the oil sector along with the related implementation timetable.

1

09/30/2005

SB

N/A

1

2005-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Adoption, by the board of directors of a bank in difficulty, of a restructuring plan approved by the Central African Banking Commission (COBAC) and the government.

1

12/31/2004

M

N/A

1

2004-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Adoption by the government of an action plan (including a timetable) for the introduction of an automatic price adjustment mechanism for refined petroleum products.

1

09/30/2005

PC

N/A

1

2005-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Certification of forestry revenues in 2004 by an audit firm of international reputation, and submission of the report to the government.

2

09/30/2005

PC

N/A

1

2

2005-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Completion, by audit firms of international reputation and in accordance with international standards, of audits of oil costs for 2003, for all production-sharing contracts as defined in these contracts, and submission of the reports to the government.

1

03/31/2005

WMOD-PA

N/A

1

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Completion, by an audit firm of international reputation and in accordance with international standards on auditing, of the 2002 external financial audit of CORAF, and submission of the report to the government.

2

12/31/2004

M

N/A

1

2

2004-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Preparation by the government and submission to the IMF of a table with data tracking the expenditure circuit (commitment, payment order, and cash payment) in 2004.

3

03/31/2005

M

N/A

1

3

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

N/A

2005-08-01

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Preparation by the government and submission to the IMF of a table tracking poverty-reducing spending in 2004.

4

06/30/2005

PC

N/A

1

4

2005-06-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.2

1.2. Revenue administration, including customs

Completion, by audit firms of international reputation and in accordance with international standards of audits of oil costs for 2003, for all production-sharing contracts as defined in these contracts, and submission of the reports to the government.

3

First Review Prior action

M

N/A

2

3

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.2

1.2. Revenue administration, including customs

Completion, by an audit firm of international reputation, of a reconciliation report on the amount of oil revenues deposited in government bank accounts, as reported in the quarterly certification reports, and the total oil revenues reported in the government financial operations tables (TOFEs) for 2003 and 2004; publication of the report on the Internet site of the Ministry of Economy and Finance (www.mefb-cg.org)

4

First Review Prior action

M

N/A

2

4

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.3

1.3. Expenditure measures, including arrears clearance

Adoption by the government of a comprehensive plan for the settlement of domestic social arrears; posting of the related policy on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org).

1

Second Review Prior action

M

N/A

2

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Signing by the government of a contract with an audit firm of international reputation to conduct annual external audits of CORAF for 2003 and 2004.

1

First Review Prior action

M

N/A

2

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Signing by the government of a three-year contract with an audit firm of international reputation to undertake the annual external audits of the SNPC for each of the years during 200305 (using the same terms of reference as for the 1999-2001 audit).

2

Program Prior Action

M

N/A

2

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Completion, by an audit firm of international reputation, of the establishment of the 2004 financial accounts of the National Electricity Company (SNE) in accordance with the standards of the regional business law harmonization agency (OHADA).

6

Second Review Prior action

M

N/A

2

6

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication on the Republic of Congos internet sites (www.congo-site.cg and www.mefb-cg.org) and in local mass media of a government statement on the July 2003 settlement between the Republic of Congo and Total E&P Congo, providing details on the transactions related to the Likouala oil field concession and assurances that the Republic of Congo, its state oil company (SNPC), and Total E&P Congo are the only parties involved in those transactions, and that all related benefits and profits accrue only to them, and not to other parties.

1

Program Prior Action

M

N/A

2

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication by the government of the 2002 external audit report of the SNPC on Internet sites (www.congo-site.cg and www.mefb-cg.org).

2

Program Prior Action

M

N/A

2

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Certification without qualification on access to information of oil revenue for the fourth quarter of 2005 by an audit firm of international reputaion using the same terms of reference as for the 2003 certification; certification reports to be published on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org).

5

Second Review Prior action

M

N/A

2

5

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Completion, by an audit firm of international reputation, of a reconciliation report on the amount of oil revenues deposited in government bank accounts, as reported in the quarterly certification reports, and the total oil revenues reported in the government financial operations tables (TOFEs) for 2005, without qualification on access to information; submission of the report to the government, and publication on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org).

10

Second Review Prior action

M

N/A

2

10

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Launching by the government of an open and competitive bid for a diagnostic study, by an independent firm of international reputation, of the SNPC's marketing strategy of government oil, including description of intermediaries used and costs incurred. The diagnostic study will be based on terms of reference satisfactory to IMF staff.

9

Second Review Prior action

M

N/A

2

9

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Establishment by the government, based on information from the La Centrale des Risques, of a list of principal delinquent debtors of the Congolese banking system, and circulation of this list to banking establishments and Public Treasury.

1

First Review Prior action

M

N/A

2

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

25.2

6.2. Restructuring and privatization of financial institutions

Launch the bid for the recruitment by the government of an independent consultant to conduct the valuation of COFIPA bank, provide an independent opinion about the offers received for the sale of COFIPA, the budgetary implications of these offers and make appropriate recommendation to the government. The consultant's report will be the basis for the government's decision on the privatization of COFIPA.

1

Second Review Prior action

M

N/A

2

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Adoption by the government of a decree implementing a new price structure for refined petroleum products which incorporates: (i) an increase of CFAF 115/liter in the price of jet fuel sold to international airlines, (ii) an increase of CFAF 40/liter in the price of gasoil sold to international shipping companies, and (iii) a reduction of 25 percent in the margins (transport, storage, distribution, and marketing) in the price structure.

1

First Review Prior action

M

N/A

2

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

PA

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Launching by the government of an open and competitive bid for an audit, by an independent firm of international reputation, of the process of awarding the Marine XI oil field concession in 2005, based on a terms of reference acceptable to IMF staff.

8

Second Review Prior action

M

N/A

2

8

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

Adoption by the government of a comprehensive plan for the settlement of domestic arrears; posting of the related policy on an Internet site.

1

09/30/2005

MOD-PA

At P1R2, the government adopted and started implementing a settlement plan for commercial arrears, but has not yet adopted one for social arrears. Done as a prior action for second review.

2

1

2005-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.4

1.4. Combined expenditure and revenue measures

Adoption of a timetable for the elimination of all implicit subsidies for refined petroleum products within one year.

1

09/30/2006

SB

N/A

2

1

2006-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.4

1.4. Combined expenditure and revenue measures

Implementation by the Hydrocarbons Unit of the Ministry responsible for Finance of the nine recommendations made by the international audit firm in the context of the certification of oil revenues in 2003, and increase in the staffing of this unit from three to six qualified officials.

2

03/31/2005

M

N/A

2

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.5

1.5. Debt Management

Quarterly publication on the Internet of the recipients of domestic debt payments.

2

03/31/2005

M

Met for P1R1.

2

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.5

1.5. Debt Management

Quarterly publication on the Internet of the recipients of domestic debt payments.

2

12/31/2005

M

Met with a one-month lag at P1R2.

2

2005-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Centralization of all public revenues and execution of all public payments by the Treasury.

1

03/31/2005

M

Met for P1R1, although part of oil revenue due by Operator 6 was not received by the Treasury.

2

1

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Centralization of all public revenues and execution of all public payments by the Treasury.

1

12/30/2005

NM

At P1R2, the recent forestry revenue audit found that a formal administrative instruction (Lettre circulaire no. 0877/MEFE/MEFB) requires the direct payment of about 40 percent of forestry revenues tothe Forestry Fund. However, this instruction was rescinded in December 2005 (Prime Minister's decree no. 7702/PMCAGP-CAB dated December 5, 2005)

2

1

2005-12-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Centralization of all public revenues and execution of all public payments by the Treasury.

1

Continuous

SB

N/A

2

1

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Preparation by the SNPC of a statement of sources and uses of funds for the consolidated activities of the SNPC group for 2004, and quarterly tables for 2005.

2

06/30/2005

M

N/A

2

2005-06-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Completion, by an audit firm of international reputation and in accordance with international standards on auditing, of the external audit of the SNPC for 2003, and submission of the report to the government.

3

03/31/2005

M

N/A

2

3

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication on Internet sites of a detailed statement of all hydrocarbons transactions (oil and gas)

1

03/31/2005

NM

Not met for P1R1

2

1

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication on Internet sites of a detailed statement of all hydrocarbons transactions (oil and gas)

1

12/31/2005

M

N/A

2

1

2005-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Quarterly certification of oil revenue by an audit firm of international reputation, using the same terms of reference as for the 2003 certification and without qualification on access to information; certification reports to be published on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org).

3

03/31/2005

M

Met for P1R1, although part of oil revenue due by Operator 6 was not received by the Treasury.

2

3

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Quarterly certification of oil revenue by an audit firm of international reputation, using the same terms of reference as for the 2003 certification and without qualification on access to information; certification reports to be published on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org).

3

12/30/2005

MD

At P1R3, the certification report for the third quarter of 2005 was published on the internet in mid-February, instead of end-December 2005.

2

3

2005-12-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Quarterly certification of oil revenue by an audit firm of international reputation, using the same terms of reference as for the 2003 certification and without qualification on access to information; certification reports to be published on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org).

3

Quarterly

SB

N/A

2

3

2023-09-23

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Completion, by audit firms of international reputation and in accordance with international standards, of audits of oil costs for 2004 and 2005, for all production-sharing contracts as defined in these contracts, and submission of the reports to the government. Publication of the audits on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org).

6

12/31/2006

SB

N/A

2

6

2006-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Adoption by the government of a definitive strategy to refocus the activities of the SNPC on its core activities in the oil sector along with the related implementation timetable.

3

09/30/2005

M

N/A

2

3

2005-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Completion, by an independent firm of international reputation, of a diagnostic study of the economic viability of CORAF, and submission of the report to the government, based on terms of reference satisfactory to IMF staff.

4

10/31/2006

SB

N/A

2

4

2006-10-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Adoption, by the board of directors of a bank in difficulty, of a restructuring plan approved by the Central African Banking Commission (COBAC) and the government.

1

12/31/2004

M

N/A

2

1

2004-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Publication on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org) of the audit report of the awarding of the Marine XI oil field concession in 2005.

5

09/30/2006

SB

N/A

2

5

2006-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

30.4

11.4. Anti-corruption legislation/policy

Establishment--i.e., adoption of the terms of reference and staffing--of an anticorruption committee, whose terms of reference and composition will be satisfactory to IDA and IMF staffs.

1

09/30/2006

SB

N/A

2

1

2006-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SB

30.4

11.4. Anti-corruption legislation/policy

Submission to Parliament of a draft "Anticorruption Law", that includes, among others, conflict-of-interest and financial disclosure rules for public officials. The financial disclosure rules would cover that: (i) senior public officials (including in the government, civil service, and public enterprises) must disclose their wealth and origins of their incomes when acceding to the post and on an annual basis; and (ii) the annual disclosure statements are to be declared to the national auditing office (cour des Comptes) and certified by the national anti-corruption committee. The anti-corruption committee should publish a summary report on its findings within six months of the end of the calendar year.

7

12/31/2006

SB

N/A

2

7

2006-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SPC

20.2

1.2. Revenue administration, including customs

Certification of forestry revenues in 2004 by an audit firm of international reputation, and submission of the report to the government.

1

09/30/2005

M

N/A

2

1

2005-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Completion, by an audit firm of international reputation and in accordance with international standards on auditing, of the 2002 external financial audit of CORAF, and submission of the report to the government.

1

12/31/2004

M

N/A

2

1

2004-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Preparation by the government and submission to the IMF of a table tracking poverty-reducing spending in 2004.

2

06/30/2005

M

N/A

2

2005-06-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Preparation by the government and submission to the IMF of a table with data tracking the expenditure circuit (commitment, payment order, and cash payment) in 2004.

3

03/31/2005

M

N/A

2

3

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Completion, by audit firms of international reputation and in accordance with international standards, of audits of oil costs for 2003, for all production-sharing contracts as defined in these contracts, and submission of the reports to the government.

4

03/31/2005

WMOD-PA

N/A

2

4

2005-03-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SPC

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Completion, by an independent firm of international reputation, of a diagnostic study of the SNPC's marketing strategy of government oil; submission of the report to the government

2

12/31/2006

PC

N/A

2

2006-12-31

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SPC

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Adoption by the government of an action plan (including a timetable) for the introduction of an automatic price adjustment mechanism for refined petroleum products.

1

09/30/2005

M

N/A

2

1

2005-09-30

N/A

550

CONGO, REPUBLIC OF

634

PRGF

2004-12-07

2,004

2007-12-06

2,007

2008-06-05

N/A

2006-07-14

P1

R2

L

SPC

30.4

11.4. Anti-corruption legislation/policy

Completion of a certification report by the national auditing office (Cour des Comptes) that public officials (both in the government and at public enterprises) are not personally benefiting from government oil sales by the SNPC or its subsidiaries, and submission of the report to the government; publication of the report on the Internet site of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org).

2

09/30/2006

PC

N/A

2

2006-09-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

PA

20.3

1.3. Expenditure measures, including arrears clearance

Increase domestic petroleum prices across all products, by an average of 13 percent, which should lead to a decline in subsidies to no more than CFAF 75 billion in 2008.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

No recourse to emergency payment and cash advance procedures, except in situations stated in the organic budget law.

1

Continuous

SB

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

0

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of all invitations to bid and the bids themselves for government procurement contracts above CFAF200 million on the government's website (www.mefb-cg.org).

1

Continuous

SB

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

0

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Adoption by the government of the financial sector strategy developed in consultation with Fund staff.

1

12/31/2008

SB

R0 macroeconomic rationale: financial stability and deeper intermediation needed to support private sector development and broaden economic activity beyond the oil industry.

0

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Finalize the strategic study of the oil-sector-assisted by Congo's development partners--which will include a critical assessment of the institutions and enterprises, including CORAF (state-owned oil refinery).

1

06/30/2009

SB

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient.

0

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SPC

20.1

1.1. Revenue measures, excluding trade policy

Repatriation of the oil proceeds (to the Treasury) of oil shipments commercialized by private companies and SNPC on behalf of the government within 45 days after the actual shipment date (according to actual quantities, prices, and shipment dates).

1

Continuous

PC

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient.

0

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SPC

20.3

1.3. Expenditure measures, including arrears clearance

Prepare a medium-term expenditure framework (in consultation with development partners) consistent with the Poverty Reduction Strategy (PRS).

1

06/30/2009

PC

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

0

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Finalize and adopt the three-year action plan to improve public investment management prepared with assistance from the IMF, World Bank, and the French Cooperation; and publish the plan on the government website.

2

12/31/2008

PC

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

0

2

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SPC

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Quarterly certification of oil revenue by an internationally reputable audit firm, using the same specification as for the 2003 certification and with no restrictions on access to information; certification reports to be published on the website of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org). Also, the government will post the audit report on the website, and for each report, a note addressing the comments by the auditors.

1

Quarterly

PC

At R0, test date listed as "continuous, with a one-quarter lag." R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient.

0

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SPC

20.8

1.8. Budget preparation (e.g., submission or approval)

Prepare the 2009 budget consistent with the PRGF program, and using the economic, functional, and administrative classifications.

1

12/31/2008

PC

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

0

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SPC

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Adopt a comprehensive action plan with a timetable to address institutional and procedural deficiencies in the commercialization of Congolese oil, in line with best international practices.

2

03/31/2009

PC

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient. Best practice would imply prices, marketing mechanisms, and fees that are comparable in other small oil-producing countries.

0

2

2009-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2008-12-08

P1

R0

E

SPC

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Adopt a new petroleum-pricing regime that will ensure fuel price subsidies are phased out by mid-2011.

1

03/31/2009

PC

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient.

0

1

2009-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

PA

20.3

1.3. Expenditure measures, including arrears clearance

Increase domestic petroleum prices across all products, by an average of 13 percent, which should lead to a decline in subsidies to no more than CFAF 75 billion in 2008.

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

No recourse to emergency payment and cash advance procedures, except in situations stated in the organic budget law.

1

04/30/2009

M

Met for R1.

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

No recourse to emergency payment and cash advance procedures, except in situations stated in the organic budget law.

1

Continuous

SB

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of all invitations to bid and the bids themselves for government procurement contracts above CFAF200 million on the government's website (www.mefb-cg.org).

1

04/30/2009

M

Met for R1.

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of all invitations to bid and the bids themselves for government procurement contracts above CFAF200 million on the government's website (www.mefb-cg.org).

1

Continuous

SB

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Adoption by the government of the financial sector strategy developed in consultation with Fund staff.

1

12/31/2008

M

R0 macroeconomic rationale: financial stability and deeper intermediation needed to support private sector development and broaden economic activity beyond the oil industry.

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Finalize the strategic study of the oil-sector-assisted by Congo's development partners--which will include a critical assessment of the institutions and enterprises, including CORAF (state-owned oil refinery).

1

06/30/2009

SB

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient. 06/09 - In progress

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

20.1

1.1. Revenue measures, excluding trade policy

Repatriation of the oil proceeds (to the Treasury) of oil shipments commercialized by private companies and SNPC on behalf of the government within 45 days after the actual shipment date (according to actual quantities, prices, and shipment dates).

1

04/30/2009

M

Met for R1.

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

20.1

1.1. Revenue measures, excluding trade policy

Repatriation of the oil proceeds (to the Treasury) of oil shipments commercialized by private companies and SNPC on behalf of the government within 45 days after the actual shipment date (according to actual quantities, prices, and shipment dates).

1

Continuous

PC

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient. 06/09 - Observed

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

20.3

1.3. Expenditure measures, including arrears clearance

Prepare a medium-term expenditure framework (in consultation with development partners) consistent with the Poverty Reduction Strategy (PRS).

1

06/30/2009

PC

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Finalize and adopt the three-year action plan to improve public investment management prepared with assistance from the IMF, World Bank, and the French Cooperation; and publish the plan on the government website.

2

12/31/2008

M

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

1

2

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Quarterly certification of oil revenue by an internationally reputable audit firm, using the same specification as for the 2003 certification and with no restrictions on access to information; certification reports to be published on the website of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org). Also, the government will post the audit report on the website, and for each report, a note addressing the comments by the auditors.

1

04/30/2009

W

At R1, met with delay for the third quarter report.

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Quarterly certification of oil revenue by an internationally reputable audit firm, using the same specification as for the 2003 certification and with no restrictions on access to information; certification reports to be published on the website of the Ministry of Economy, Finance, and Budget (www.mefb-cg.org). Also, the government will post the audit report on the website, and for each report, a note addressing the comments by the auditors.

1

Quarterly

PC

At R0, test date listed as "continuous, with a one-quarter lag." R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient.

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

20.8

1.8. Budget preparation (e.g., submission or approval)

Prepare the 2009 budget consistent with the PRGF program, and using the economic, functional, and administrative classifications.

1

12/31/2008

M

R0 macroeconomic rationale: tighten contral over budget execution and monitoring, and to achieve consistency with the PRS. Strengthen governance and transparency in the use of public resources.

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Adopt a comprehensive action plan with a timetable to address institutional and procedural deficiencies in the commercialization of Congolese oil, in line with best international practices.

2

03/31/2009

W

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient. Best practice would imply prices, marketing mechanisms, and fees that are comparable in other small oil-producing countries. At R1, met with a delay.

1

2

2009-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-06-17

P1

R1

BLANK

SPC

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Adopt a new petroleum-pricing regime that will ensure fuel price subsidies are phased out by mid-2011.

1

03/31/2009

W

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient. At R1, met with a delay.

1

2009-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

BLANK

PA

20.3

1.3. Expenditure measures, including arrears clearance

Increase domestic petroleum prices across all products, by an average of 13 percent, which should lead to a decline in subsidies to no more than CFAF 75 billion in 2008.

1

Program Prior Action

M

N/A

2

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

BLANK

SB

20

1. General government

Support implementation of the new procurement code by ensuring that 80 percent of public contracts) having a total value of over CFAF 250 million are open to competitive bidding.

1

Continuous

SB

Introduced at R2.

2

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Repatriation of the oil proceeds (to the Treasury) of oil shipments commercialized by private companies and SNPC on behalf of the government within 45 days after the actual shipment date (according to actual quantities, prices, and shipment dates).

1

06/30/2009

M

Met for R2.

2

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Repatriation of the oil proceeds (to the Treasury) of oil shipments commercialized by private companies and SNPC on behalf of the government within 45 days after the actual shipment date (according to actual quantities, prices, and shipment dates).

1

Continuous

SB

At R2, this was formerly a performance criterion that is now changed to a structural benchmark beginning in June 2009.

2

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Prepare an action plan and timetable for the implementation of tax policy changes in line with FAD technical assistance.

2

03/31/2010

SB

Introduced at R2.

2

2010-03-31

N/A