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ngolese Trade Union Congress (CSC); Revolutionary Union of Congolese Women (URFC); General Union of Congolese Pupils and Students (UGEEC) International organization participation: ACCT, ACP, AfDB, BDEAC, CCC, CEEAC, ECA, FAO, FZ, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, ITU, NAM, OAU, UDEAC, UN, UNAMIR, UNAVEM III, UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WIPO, WMO, WToO Diplomatic representation in US: chief of mission: Ambassador (vacant); Charge d'Affaires Daniel MOUELLET chancery: 4891 Colorado Avenue NW, Washington, DC 20011 telephone: [1] (202) 726-0825 FAX: [1] (202) 726-1860 US diplomatic representation: chief of mission: Ambassador William C. RAMSEY embassy: Avenue Amilcar Cabral, Brazzaville mailing address: B. P. 1015, Brazzaville telephone: [242] 83 20 70 FAX: [242] 83 63 38 Flag: 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 ------- Economic overview: Congo's 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 about 90% of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled Congo to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. Subsequently, falling oil prices cut GDP growth by half. Moreover, the Congolese Government has mortgaged a substantial portion of its oil earnings, contributing to the government's shortage of revenues. The 12 January 1994 devaluation of Franc Zone currencies by 50% resulted in inflation of 61% in 1994. Recent efforts to implement economic reforms have begun to show progress; the IMF has recommended approval of an Enhanced Structural Adjustment Facility agreement in 1996. GDP: purchasing power parity - $7.7 billion (1995 est.) GDP real growth rate: 3.3% (1995 est.) GDP per capita: $3,100 (1995 est.) GDP composition by sector: agriculture: 11.4% industry: 35.2% services: 53.4% (1993) Inflation rate (consumer prices): 61% (1994 est.) Labor force: 79,100 wage earners by occupa
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