IMF Staff Country Reports

Central African Republic: Third and Fourth Review Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Performance Criteria, and Financing Assurance Review

June 23, 2025

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. African Dept. "Central African Republic: Third and Fourth Review Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Performance Criteria, and Financing Assurance Review", IMF Staff Country Reports 2025, 140 (2025), accessed July 19, 2025, https://doi.org/10.5089/9798229013970.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

CAR's ECF-supported program has helped support crucial governance and transparency reforms, aided by improvements in the security environment. Nonetheless, fiscal pressures persist, as revenue mobilization has not kept pace with rising spending and debt service. Particularly, fuel supply constraints and subpar tax compliance have continued to weigh on revenue collection, while weak public financial management (PFM) and limited spending controls have hindered budget execution. Grants have materialized broadly as expected but remain well below pre-2020 levels, undermining debt sustainability. Staff finalized CAR’s Country Engagement Strategy (CES) (Annex III), outlining key fragility drivers and how IMF support can help address them.

Subject: Arrears, External debt, Public debt, Revenue administration

Keywords: Appraisal of the program performance, Arrears, CAR authorities, Central Africa, Global, Staff appraisal, Staff's baseline assessment, Tax clearance certificate

Publication Details

You May Also Be Interested In...

The Business Environment and Productivity in Tanzania: Evidence from Firm Level Data

July 18, 2025

Brazil: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil

July 17, 2025

Somalia: Third Review Under the Extended Credit Facility and Request for a Modification of Quantitative Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Somalia

July 16, 2025

Singapore: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore

July 16, 2025