Central African Republic: Recent Economic Developments

International Monetary Fund

No 1997/024, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in the Central African Republic during 1990–97. After four years of decline, the real gross domestic product of the Central African Republic (GDP at market prices) recovered in 1994 at the estimated rate of 7.7 percent. This primarily reflected the positive effects of the January 1994 devaluation of the CFA franc on the competitive position of the country, which had been continuously eroding since the mid-1980s. In 1995, real GDP continued to grow, although at a slower rate, estimated at 2.4 percent, largely because of the resilient informal sector.

Keywords: ISCR; CR; government; wage; enterprise; price; CFA franc; CFAF; public enterprise; wage bill; debt relief; semipublic enterprise; personnel management; a number of public enterprise; rate of inflation; Agricultural commodities; Exports; Arrears; Agroindustries (search for similar items in EconPapers)
Pages: 124
Date: 1997-04-17
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