Central African Republic: Third and Fourth Review Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Performance Criteria, and Financing Assurance Review

International Monetary Fund

No 2025/140, IMF Staff Country Reports from International Monetary Fund

Abstract: CAR's ECF-supported program has helped support crucial governance and transparency reforms, aided by improvements in the security environment. Nonetheless, fiscal pressures persist, as revenue mobilization has not kept pace with rising spending and debt service. Particularly, fuel supply constraints and subpar tax compliance have continued to weigh on revenue collection, while weak public financial management (PFM) and limited spending controls have hindered budget execution. Grants have materialized broadly as expected but remain well below pre-2020 levels, undermining debt sustainability. Staff finalized CAR’s Country Engagement Strategy (CES) (Annex III), outlining key fragility drivers and how IMF support can help address them.

Keywords: staff appraisal; staff's baseline assessment; tax clearance certificate; appraisal of the program performance; CAR authorities; Arrears; Global; Central Africa (search for similar items in EconPapers)
Pages: 126
Date: 2025-06-23
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