...Institutional and economic profile Flexibility and performance profile High economic concentration in the oil sector, weak institutions, and a difficult business environment will continue to weigh on economic prospects. + Following the reelection of the incumbent president in March 2021, S&P Global Ratings expects the government will aim to address the country's structural vulnerabilities. + Non-oil growth should expand, but this hinges on authorities steadfastly implementing their reform plan. Despite progress, a difficult business environment will constrain this, in our view. + Without new discoveries, oil production is expected to peak in 2024 then steadily decline, weighing on the country's economic performance. External and fiscal pressures should decrease, but vulnerabilities remain high and financing options limited in the near term. + Public debt has increased significantly while asset buffers have dried up. + Congo's external position continue to be supported by its CEMAC membership,...
