The Republic of Congo (ROC) is at a critical juncture in its development history. ROC’s seven-year recession, spurred by the end of the last commodity super cycle, has led to a dramatic drop in income per capita and put the country at risk of falling back into low-income status. The country has made little progress in reducing the dominant role of oil in its economy and creating formal sector jobs. The enduring reliance on oil revenues has left the...
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2023/03/01
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Brief
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180781
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1
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2023/03/10
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Disclosed
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Republic of Congo - Country Economic Memorandum : Road to Prosperity - Building Foundations for Economic Diversification : Key Messages
Citation
World Bank.
Republic of Congo - Country Economic Memorandum : Road to Prosperity - Building Foundations for Economic Diversification : Key Messages (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099142003102318288