IMF Staff Country Reports

Central African Republic: Request for Disbursement Under the Rapid Credit Facility and Cancellation of the Extended Credit Facility Arrangement

June 16, 2014

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Central African Republic: Request for Disbursement Under the Rapid Credit Facility and Cancellation of the Extended Credit Facility Arrangement, (USA: International Monetary Fund, 2014) accessed October 6, 2024

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Summary

This paper focuses on Central African Republic’s (CAR) Request for Disbursement Under the Rapid Credit Facility (RCF) and Cancellation of the Extended Credit Facility Arrangement. The transitional government in CAR is facing daunting challenges. Improved security, donor support, and normalizing salary payments will be crucial to start a recovery in 2014. The macroeconomic outlook is subject to uncertainty and risks. The IMF staff supports the authorities’ request for assistance under the RCF in view of their currently limited capacity to implement policies of an upper credit tranche-quality economic program, the large and urgent balance-of-payments needs, and the catalytic effect of IMF support on other external assistance.

Subject: Credit, Exports, External debt, International trade, Money, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)

Keywords: Approval of the RCF, C.A.R. government, C.A.R.'s authorities, CR, Credit, Exports, Government, Government plan, ISCR, RCF financing, Real GDP

Publication Details

  • Pages:

    67

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2014/164

  • Stock No:

    1CAFEA2014001

  • ISBN:

    9781498346863

  • ISSN:

    1934-7685

Notes