Central African Republic: 2018 Article IV Consultation, Fifth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review
IMF Staff Country Reports, December 28, 2018
Source details
- Canonical URL
- Central African Republic: 2018 Article IV Consultation, Fifth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review
Other formats
Bibliographic details
- Published: December 28, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484392744.002
Context and macroeconomic overview
- The Central African Republic (C.A.R.) is described as a fragile state with an unstable security environment and widespread poverty.
- Macroeconomic conditions have stabilized following the 2013 crisis:
- Growth has resumed.
- Inflation has declined.
- Domestic revenues have recovered.
- Debt ratios have decreased.
IMF-supported program and financing
- Arrangement: Extended Credit Facility (ECF) launched in July 2016.
- Total access under the arrangement: SDR 133.68 million (120 percent of quota).
- Program performance: described as satisfactory.
- Performance metrics: All end-June 2018 quantitative and continuous performance criteria were met.
Policy discussions and priorities
- Main discussion topics:
- The 2019 budget.
- Policy responses to a higher global oil price.
- Reforms to improve public financial management and governance.
- Program support at the union/regional level:
- Maintain an appropriate monetary policy stance.
- Build up regional reserves.
- Promote financial sector stability.
Subjects and keywords highlighted
- Subject tags: Arrears, Budget planning and preparation, Credit, External debt, Money, Oil prices, Prices, Public financial management (PFM), Revenue administration.
- Keywords appearing in the record: Arrears, asset declaration regime, Budget planning and preparation, CR, Credit, economic reform agenda, financing, Global, government, government arrears, ISCR, LIOA policy, Oil prices, policy, supplementary information.
Publication snapshot
- Date: December 28, 2018.
- Report length noted in record: 105 pages.
- Series/issue identifiers appearing on the page: Country Report No. 2018/380; Issue 380.
- Identifiers visible on the page include DOI https://doi.org/10.5089/9781484392744.002 and ISBN 9781484392744.
Central African Republic: 2018 Article IV Consultation, Fifth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review (IMF Staff Country Report, December 28, 2018).
Content in this bundle
- Country Report