Central African Republic: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document

International Monetary Fund

No 2008/014, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents an assessment of the Central African Republic’s (C.A.R) qualifications for assistance under the Enhanced HIPC Initiative. Stronger policy implementation has helped the economic growth of the C.A.R. under the Poverty Reduction and Growth Facility (PRGF) arrangement. Directors stressed the need for fiscal consolidation supported by policies and implementation of more structural reforms to meet the challenges. A sensitivity analysis of the C.A.R.’s projected external debt burden highlights the need for economic reforms to diversify and enhance export performance and for sustained foreign assistance on favorable terms to avoid the risk of renewed debt distress.

Keywords: ISCR; CR; completion point; exchange rate; public expenditure; reform agenda; decision point; annual debt service; expenditure priority; policy declaration; NPV terms; international community; government plan; Debt relief; Debt service; Arrears; Debt service ratios; Debt reduction; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 62
Date: 2008-01-14
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