Central African Republic: Staff Report for the 2005 Article IV Consultation

December 2, 2005

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Central African Republic: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed September 20, 2024

Summary

The staff report for the 2005 Article IV Consultation on the Central African Republic (CAR) highlights economic developments and performance. Revenue performance was disappointing, and there were sizable expenditure overruns, particularly on the wage bill. The authorities and IMF staff agreed on the importance of raising government revenue to ensure that sufficient resources are available for basic government functions. Key reforms will include efforts to combat fraud in customs and improve domestic tax administration through increased controls and verification procedures.

Subject: Arrears, Expenditure, External debt, Imports, International trade, Labor, Wages

Keywords: Arrears, Authorities' strategy, Authority, C.A.R. authorities, C.A.R. economy, CAR economy, CR, Debt situation, Global, Imports, ISCR, Private sector, Sub-Saharan Africa, Wage bill, Wage bill slippage, Wages

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/424
Stock No:

1CAFEA2005001
ISBN:

9781451806625
ISSN:

1934-7685

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