Central African Republic: 2007 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance and Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Central African Republic

International Monetary Fund

No 2008/016, IMF Staff Country Reports from International Monetary Fund

Abstract: Central African Republic (C.A.R) showed satisfactory performance amidst difficult conditions under the Poverty Reduction and Growth Facility (PRGF) arrangement. Executive Directors commended the authorities' efforts to consolidate peace and security and pursue macroeconomic stabilization and structural reforms. Directors stressed that policies need to focus on accelerating growth and increasing the economy’s resilience with the private sector playing an increasing role. They agreed with the need to continue with fiscal consolidation and noted the improvement in debt sustainability. They agreed that C.A.R had fulfilled the requirements to reach the decision point under the Enhanced HIPC Initiative and qualified debt relief.

Keywords: ISCR; CR; growth facility; modification of performance criteria; Three-Year arrangement; government; Three-Year; PRGF arrangement; request for waiver of nonobservance; Arrears; Commercial banks; Capital spending; Global; Africa; Sub-Saharan Africa; West Africa (search for similar items in EconPapers)
Pages: 58
Date: 2008-01-16
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21599 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2008/016

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().