Republic of Congo

Congo’s economic performance and outlook remain fragile. 2025 growth remained well below potential as weak public investment and energy supply disruptions weighed on the non-hydrocarbon sector, and medium-term growth prospects have softened for similar reasons. Despite heightened sovereign-bank nexus vulnerabilities and liquidity tensions in regional treasury markets, fiscal discipline weakened significantly in 2025. Sizeable overspending took place, while revenues were compressed by lower oil prices. These developments, as well as arrears accumulation and debt rollovers at unfavorable terms, are slowing the pace of public debt reduction.