Central African Republic: Staff Report for the 2009 Article IV Consultation and Fifth Review Under the Arrangement Under the Poverty Reduction and Growth Facility, Requests for Waiver of Nonobservance and Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Central African Republic.
January 21, 2010
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This 2009 Article IV Consultation highlights that the Central African Republic has recorded the modest economic growth since the end of the internal conflict in 2003, recovering from decades of decline in living standards. Real GDP grew by 2½ percent a year on average during 2004–08. In 2008 and early 2009, a series of domestic and external shocks hit the economy, beginning with unstable power supply, followed by price rises in imported commodities, and later the global recession. Executive Directors have underscored the importance of further strengthening fiscal management.
Subject: Commercial banks, Credit, Expenditure, Financial institutions, Money, Public debt, Public financial management (PFM)
Keywords: authorities ability, authorities commitment, C.A.R. authorities, CAR authorities, Commercial banks, CR, Credit, Global, government, ISCR, PRGF arrangement, reform, SDR, Sub-Saharan Africa, utility consumption
Pages:
75
Volume:
2010
DOI:
Issue:
021
Series:
Country Report No. 2010/021
Stock No:
1CAFEA2010001
ISBN:
9781451806779
ISSN:
1934-7685
Notes
Also available in French.
