Central African Republic: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, June 10, 2004
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Bibliographic details
- Published: June 10, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806601.002
Key findings on economic performance since 2000
- The period since 2000 has been marked by poor economic performance owing in large part to military disturbances, but also to weak administration and poor program implementation.
- Subject areas flagged: Arrears, Economic sectors, External debt, Foreign aid, Mining sector, Public debt.
Impact of the March 2003 conflict
- The conflict that ended in March 2003 "shattered the Central African Republic's economy."
- Real GDP contracted by 7 percent in 2003.
- The formal sector of the economy was described as being in a particularly dire state.
Fiscal developments in 2003
- The deficit in the overall budget balance including grants widened by about 2 percent of GDP in 2003.