TohidA/MONA · Datasets at Hugging Face

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

Undertake the planned review of exemptions in line with FAD technical assistance, including in the areas of tax and customs.

3

12/31/2009

SB

Introduced at R2.

2

3

2009-12-31

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

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.

2

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

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

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

20.6

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. 12/09 - Observed

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

20.6

1.6. Expenditure auditing, accounting, and financial controls

Undertake audits to assess the arrears (wages, pensions) and liabilities of public enterprises liquidated or under restructuring. These audits will cover the period 2000-08.

2

06/30/2010

SB

Introduced at R2.

2

2010-06-30

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

20.7

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.

2

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

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

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

20.7

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. 12/09- Observed

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

20.7

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.

2

06/30/2009

M

Met for R2.

2

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

20.7

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.

2

Continuous

SB

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

2

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

20.8

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

Submit to parliament a 2010 budget consistent with the new medium-term expenditure framework.

1

12/31/2009

SB

Introduced at R2.

2

1

2009-12-31

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

SB

24.1

5.1. Public enterprise pricing and subsidies

Ensure regular and timely adjustment of petroleum-product prices in line with the pricing mechanism adopted in May 2009, to avoid the need for budget subsidies or subsidies to the state-owned oil refinery, CORAF.

1

Quarterly

SB

Introduced at R2; to be assessed quarterly.

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

24.2

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

Support implementation of the new oil commercialization action plan by ensuring that oil is marketed in line with the recommendations made by the international consultant, who is advising the state-owned oil enterprise (SNPC, and its subsidiary COTRADE) on international best practice. These recommendations will include the introduction of competitive tenders for oil sales.

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

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.

2

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

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

MOD-DATE

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 12/09 - Ongoing

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

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

03/31/2010

SB

At R2, test date revised to end-March 2010.

2

1

2010-03-31

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

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.

2

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

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

MOD-SB

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient. At R2, this PC was changed to a structural benchmark beginning in June 2009. (Observed for June 30, 2009 test date as a structural benchmark.)

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

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

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.

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

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.

2

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

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.

2

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

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

MOD-SB

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. At R2, this PC was changed to a structural benchmark beginning in June 2009. (Observed for June 30, 2009 test date as a structural benchmark.)

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

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.

2

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

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.

2

2009-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2009-11-30

P1

R2

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.

2

1

2009-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

12/31/2009

M

Met for R3.

3

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

12/31/2009

NM

At R3, not met.

3

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

M

Introduced at R2.

3

2

2010-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Undertake the planned review of exemptions in line with FAD technical assistance, including in the areas of tax and customs.

3

12/31/2009

M

Introduced at R2.

3

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

06/30/2009

M

Met for R2.

3

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

12/31/2009

M

Met for R3.

3

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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. 12/09 - Observed

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Undertake audits to assess the arrears (wages, pensions) and liabilities of public enterprises liquidated or under restructuring. These audits will cover the period 2000-08.

2

06/30/2010

SB

Introduced at R2.

3

2

2010-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

06/30/2009

M

Met for R2.

3

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

12/31/2009

M

Met for R3.

3

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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. 12/09- Observed

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

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.

2

06/30/2009

M

Met for R2.

3

2

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

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.

2

12/31/2009

MD

At R3, met with delay.

3

2

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

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.

2

Continuous

SB

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

3

2

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

20.8

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

Submit to parliament a 2010 budget consistent with the new medium-term expenditure framework.

1

12/31/2009

M

Introduced at R2.

3

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Ensure regular and timely adjustment of petroleum-product prices in line with the pricing mechanism adopted in May 2009, to avoid the need for budget subsidies or subsidies to the state-owned oil refinery, CORAF.

1

12/31/2009

M

Met for R3.

3

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Ensure regular and timely adjustment of petroleum-product prices in line with the pricing mechanism adopted in May 2009, to avoid the need for budget subsidies or subsidies to the state-owned oil refinery, CORAF.

1

Quarterly

SB

Introduced at R2; to be assessed quarterly.

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

24.2

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

Support implementation of the new oil commercialization action plan by ensuring that oil is marketed in line with the recommendations made by the international consultant, who is advising the state-owned oil enterprise (SNPC) on international best practice. These recommendations will include the introduction of competitive tenders for oil sales.

1

12/31/2009

M

Met for R3.

3

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

BLANK

SB

24.2

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

Support implementation of the new oil commercialization action plan by ensuring that oil is marketed in line with the recommendations made by the international consultant, who is advising the state-owned oil enterprise (SNPC) on international best practice. These recommendations will include the introduction of competitive tenders for oil sales.

1

Continuous

SB

Introduced at R2.

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

MOD-DATE

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 12/09 - Ongoing

3

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

03/31/2010

MOD-DATE

At R2, test date revised to end-March 2010. At R3, not met.

3

1

2010-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

09/30/2010

SB

N/A

3

1

2010-09-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

MOD-SB

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient. At R2, this PC was changed to a structural benchmark beginning in June 2009. (Observed for June 30, 2009 test date as a structural benchmark.)

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

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.

3

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

2

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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

MOD-SB

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. At R2, this PC was changed to a structural benchmark beginning in June 2009. (Observed for June 30, 2009 test date as a structural benchmark.)

3

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

2

2009-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2010-09-01

P1

R3

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.

3

1

2009-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

4

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

12/31/2009

M

Met for R3.

4

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

06/30/2010

M

N/A

4

1

2010-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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.

4

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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.

4

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

12/31/2009

NM

At R3, not met.

4

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

06/30/2010

M

N/A

4

1

2010-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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.

4

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

M

Introduced at R2.

4

2

2010-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Undertake the planned review of exemptions in line with FAD technical assistance, including in the areas of tax and customs.

3

12/31/2009

M

Introduced at R2.

4

3

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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.

4

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

06/30/2009

M

Met for R2.

4

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

12/31/2009

M

Met for R3.

4

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

06/30/2010

M

N/A

4

1

2010-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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. 12/09 - Observed

4

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Undertake audits to assess the arrears (wages, pensions) and liabilities of public enterprises liquidated or under restructuring. These audits will cover the period 2000-08.

2

06/30/2010

M

Introduced at R2.

4

2

2010-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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.

4

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

06/30/2009

M

Met for R2.

4

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

12/31/2009

M

Met for R3.

4

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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. 12/09- Observed

4

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

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.

2

06/30/2009

M

Met for R2.

4

2

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

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.

2

12/31/2009

MD

At R3, met with delay.

4

2

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

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.

2

06/30/2010

M

N/A

4

2

2010-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

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.

2

Continuous

SB

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

4

2

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

20.8

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

Submit to parliament a 2010 budget consistent with the new medium-term expenditure framework.

1

12/31/2009

M

Introduced at R2.

4

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Ensure regular and timely adjustment of petroleum-product prices in line with the pricing mechanism adopted in May 2009, to avoid the need for budget subsidies or subsidies to the state-owned oil refinery, CORAF.

1

12/31/2009

M

Met for R3.

4

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Ensure regular and timely adjustment of petroleum-product prices in line with the pricing mechanism adopted in May 2009, to avoid the need for budget subsidies or subsidies to the state-owned oil refinery, CORAF.

1

06/30/2010

M

N/A

4

1

2010-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Ensure regular and timely adjustment of petroleum-product prices in line with the pricing mechanism adopted in May 2009, to avoid the need for budget subsidies or subsidies to the state-owned oil refinery, CORAF.

1

Quarterly

SB

Introduced at R2; to be assessed quarterly.

4

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

24.2

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

Support implementation of the new oil commercialization action plan by ensuring that oil is marketed in line with the recommendations made by the international consultant, who is advising the state-owned oil enterprise (SNPC) on international best practice. These recommendations will include the introduction of competitive tenders for oil sales.

1

12/31/2009

M

Met for R3.

4

1

2009-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

24.2

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

Support implementation of the new oil commercialization action plan by ensuring that oil is marketed in line with the recommendations made by the international consultant, who is advising the state-owned oil enterprise (SNPC) on international best practice. These recommendations will include the introduction of competitive tenders for oil sales.

1

06/30/2010

M

N/A

4

1

2010-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

BLANK

SB

24.2

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

Support implementation of the new oil commercialization action plan by ensuring that oil is marketed in line with the recommendations made by the international consultant, who is advising the state-owned oil enterprise (SNPC) on international best practice. These recommendations will include the introduction of competitive tenders for oil sales.

1

Continuous

SB

Introduced at R2.

4

1

2023-09-23

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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.

4

1

2008-12-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

MOD-DATE

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 12/09 - Ongoing

4

1

2009-06-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

03/31/2010

MOD-DATE

At R2, test date revised to end-March 2010. At R3, not met.

4

1

2010-03-31

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

09/30/2010

M

N/A

4

1

2010-09-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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.

4

1

2009-04-30

N/A

607

CONGO, REPUBLIC OF

634

PRGF

2008-12-08

2,008

2011-12-07

2,011

N/A

2011-01-19

P1

R4

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

MOD-SB

R0 macroeconomic rationale: to safeguard oil revenue and ensure that state-owned enterprises in the sector are financially sound and efficient. At R2, this PC was changed to a structural benchmark beginning in June 2009. (Observed for June 30, 2009 test date as a structural benchmark.)

4

1

2023-09-23

N/A