Central African Republic: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Central African Republic

International Monetary Fund

No 2012/238, IMF Staff Country Reports from International Monetary Fund

Abstract: The Staff Report for the 2011 Article IV Consultation found the macroeconomic performance of the Central African Republic (CAR) satisfactory despite its below-average growth compared with other countries of the region. The report has identified lack of resources, institutional frailties, overdependence on external assistance among other factors responsible for the tardy economic growth and increase in poverty. However, the report has observed that the economy is poised for a medium-term recovery with budgetary discipline and transparency, and effective management of public debt.

Keywords: ISCR; CR; CAR authorities; authority; C.A.R. economy; CAR well; policy; development partner; payment arrears; economy of the Central African Republic; Oil prices; Commercial banks; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 68
Date: 2012-08-13
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