IMF Staff Country Reports

Central African Republic : 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

August 10, 2016

Electronic Access:

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Summary:

This 2016 Article IV Consultation highlights that economic growth in the Central African Republic has remained anemic since 2013 owing to structural rigidities, poor infrastructure, and limited energy supply. Inflation reached 11.6 percent in 2014 and receded to 4.5 percent in 2015 thanks to improved supply conditions and a fall in the prices of basic imports. Corrective measures implemented in 2015 allowed revenue to reach 7.1 percent. IMF Executive Directors have commended the authorities for the progress achieved under their economic program supported by the Rapid Credit Facility, which has helped stabilize the economy, rebuild core administrative capacity, and improve the management of public resources.

Series:

Country Report No. 16/269

Subject:

Article IV consultation reports Banking sector Central African Republic Current account deficits Economic growth Economic indicators Extended Credit Facility External shocks Financial management Fiscal policy Fiscal reforms Government expenditures Letters of Intent Press releases Staff Reports