Central African Republic: Request for a Three-Year Arrangement Under the Extended Credit Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Central African Republic

International Monetary Fund

No 2012/240, IMF Staff Country Reports from International Monetary Fund

Abstract: Political and economic uncertainties in the Central African Republic (C.A.R.) have abated, but the sociopolitical environment remains fragile. Institutional weaknesses, limited and volatile aid flows, and persistently low domestic resource mobilization have slowed the efforts and considerable transition out of fragility. The resumption of donor budget support will close the financing gap and increase poverty and infrastructure spending. Implementation of structural reforms needs to be accelerated to support the government’s medium-term objectives. Strengthening debt management capacity to effectively monitor debt development is essential.

Keywords: ISCR; CR; authority; policy; IMF support; ECF program; exploitation; growth outlook; development partner; Central African Republic authorities; Central African Republic's authorities; Budget execution and treasury management; Credit; Global; West Africa; Central Africa; Africa (search for similar items in EconPapers)
Pages: 73
Date: 2012-08-13
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