Central African Republic: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic
IMF Staff Country Reports, August 10, 2016
Source details
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- Central African Republic: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic
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Bibliographic details
- Published: August 10, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475523713.002
Economic performance and constraints
- Economic growth has remained anemic since 2013 owing to structural rigidities, poor infrastructure, and limited energy supply.
- Corrective measures implemented in 2015 supported stabilization efforts and improvements in public resource management.
Inflation and prices
- Inflation reached 11.6 percent in 2014.
- Inflation receded to 4.5 percent in 2015 thanks to improved supply conditions and a fall in the prices of basic imports.
Fiscal outcomes and public finance
- Revenue reached 7.1 percent following corrective measures implemented in 2015.
- The program supported rebuilding core administrative capacity and improving the management of public resources.
IMF assessment and program support
- IMF Executive Directors commended the authorities for progress achieved under their economic program.
- The Rapid Credit Facility support has helped stabilize the economy and rebuild institutional capacity.
Thematic focus areas (as stated)
- Arrears
- External debt
- Public debt
- Public financial management (PFM)
- Revenue administration
Central African Republic: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic