Central African Republic: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Nonobservance and Modification of Performance Criteria, Request for Interim Assistance Under the Enhanced Heavily Indebted Poor Countries Initiative, and Financing Assurances Review-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Central African Republic
February 4, 2009
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This report examines the Central African Republic’s Third Review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility and request for waivers of Nonobservance and Modification of Performance Criteria. Global food price hikes and fuel price volatility jeopardize growth, inflation, and the balance of payments. Fiscal performance has been as expected, and all quantitative performance criteria (PC) have been met except for the PC on external arrears and on net credit from commercial banks. Demand for timber has declined, and the unstable domestic security situation has reduced diamond exports.
Subject: Arrears, Economic and financial statistics, External debt, Government finance statistics, Public and publicly-guaranteed external debt, Public debt
Keywords: Africa, Arrears, authorities request, CR, debt, firm foundation, Global, government, Government finance statistics, ISCR, PRGF arrangement, PRGF loan, PRGF-supported program, Public and publicly-guaranteed external debt, real GDP
Pages:
75
Volume:
2009
DOI:
Issue:
043
Series:
Country Report No. 2009/043
Stock No:
1CAFEA2009001
ISBN:
9781451806717
ISSN:
1934-7685
