• coconut oil production transparency progress in Congo
  • coconut oil production transparency progress in Congo
  • coconut oil production transparency progress in Congo
  • coconut oil production transparency progress in Congo
  • How has global oil prices impacted the Republic of the Congo?
  • Global oil prices have somewhat masked the declining production and have helped to alleviate the country’s overall debt burden. However, the Republic of the Congo remains in near-perpetual debt distress, resulting in limited economic production and a highly impoverished citizenry.
  • Why is oil production slow in the Congo?
  • Oil production growth has been slow, at -8.5% in 2020 and -2.9% in 2021, which is, in part, due to the pandemic but also part of a larger pattern as the Republic of the Congo becomes increasingly mindful of its diminishing reserves.
  • Is the Republic of the Congo dependent on oil?
  • Outside of its dependence on oil, the Republic of the Congo remains heavily dependent on external loans and assistance and on trade for key basic commodities not produced domestically, particularly food.
  • What is the outlook for the Republic of the Congo?
  • Due to positive economic conditions in the present review period, mainly due to higher oil prices, key credit rating agencies have established a stable to positive outlook for the Republic of the Congo. Moody’s affirmed in November 2022 a credit rating for the Republic of the Congo of B3, up from Caa1 in 2021.
  • What is the economy like in the Republic of the Congo?
  • The economy of the Republic of the Congo continues to be characterized by a dependence on oil for both government revenues and as leverage for additional financing, leaving other sectors of the economy comparatively underdeveloped.
  • Where does the Republic of the Congo rank in environmental performance?
  • The Republic of the Congo ranked 99 out of 180 countries in the 2022 Environmental Performance Index, scoring 40.1, which is an increase over the previous review period.