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Republic of Congo: Improving the Management of Produced, Human and Natural Capital to Raise Living Standards
['Africa Press Release']
Zawya.com - All Regional News
Entitled "Strengthen the management of produced, human and natural capital to raise living standards in the Republic of Congo ", the twelfth edition of the report calls on the State to strategically manage its debt and cash flow in order to strengthen the country's fiscal sustainability and unleash its growth potential.
The Republic of Congo has stepped up non-oil revenue mobilization and has made promising progress in public debt and treasury management reforms.
The report highlights that the country has considerable assets, driven by its human and natural capital.
This wealth holds enormous potential: better management of natural capital, combined with greater investments in human capital, can sustainably raise wealth per capita.
“For a forest-intensive country like the Republic of Congo, an effective global financing mechanism is essential to turn carbon sequestration services into tangible benefits," said Cheick Fantamady Kanté, World Bank Country Director for Cameroon, Central African Republic, Republic of Congo, Equatorial Guinea, and Gabon.
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