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on for Social Development or UPADS [Martin MBERI]; Rally for Democracy and Social Progress or RDPS [Jean-Pierre Thystere TCHICAYA, president]; Rally for Democracy and the Republic or RDR [Raymond Damasge NGOLLO]; Union for Democracy and Republic or UDR [leader NA]; Union of Democratic Forces or UFD [Sebastian EBAO] Political pressure groups and leaders: Congolese Trade Union Congress or CSC; General Union of Congolese Pupils and Students or UGEEC; Revolutionary Union of Congolese Women or URFC; Union of Congolese Socialist Youth or UJSC International organization participation: ACCT, ACP, AfDB, AU, BDEAC, CEMAC, FAO, FZ, G-77, IBRD, ICAO, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ITU, MIGA, NAM, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UNOCI, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO Diplomatic representation in the US: chief of mission: Ambassador Serge MOMBOULI chancery: 4891 Colorado Avenue NW, Washington, DC 20011 telephone: [1] (202) 726-5500 FAX: [1] (202) 726-1860 Diplomatic representation from the US: chief of mission: Ambassador Roger A. MEECE embassy: NA mailing address: NA telephone: [243] (88) 43608 note: the embassy is temporarily collocated with the US Embassy in the Democratic Republic of the Congo (US Embassy Kinshasa, 310 Avenue des Aviateurs, Kinshasa) Flag description: divided diagonally from the lower hoist side by a yellow band; the upper triangle (hoist side) is green and the lower triangle is red; uses the popular pan-African colors of Ethiopia Economy Congo, Republic of the Economy - overview: The economy is a mixture of village agriculture and handicrafts, an industrial sector based largely on oil, support services, and a government characterized by budget problems and overstaffing. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its oil earnings, contributing to a shortage of revenues. The 12 January 1994 devaluation of Franc Zone currencies by 50% resulted in inflation of 61% in 1994, but inflation has subsided since. Economic reform efforts
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