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

January 14, 2008

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Format: Chicago

Central African Republic: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document, (USA: International Monetary Fund, 2008) accessed September 19, 2024

Summary

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.

Subject: Arrears, Asset and liability management, Debt reduction, Debt relief, Debt service, Debt service ratios, External debt

Keywords: Annual debt service, Arrears, Completion point, CR, Debt reduction, Debt relief, Debt service, Debt service ratios, Decision point, Exchange rate, Expenditure priority, Government plan, International community, ISCR, NPV terms, Policy declaration, Public expenditure, Reform agenda, Sub-Saharan Africa

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/014
Stock No:

1CAFEA2008003
ISBN:

9781451806687
ISSN:

1934-7685

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