{
  "title": "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",
  "publication": "IMF Staff Country Reports, August 10, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/central-african-republic-2016-article-iv-consultation-and-request-for-a-three-year-44173",
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  "summary": "This 2016 Article IV Consultation highlights that economic growth in the Central African Republic has remained anemic since 2013 owing to structural rigidities, poor infrastructure, and limited energy supply. Inflation reached 11.6 percent in 2014 and receded to 4.",
  "sections": [
    {
      "heading": "Economic performance and constraints",
      "content": "- Economic growth has remained anemic since 2013 owing to structural rigidities, poor infrastructure, and limited energy supply.\n- Corrective measures implemented in 2015 supported stabilization efforts and improvements in public resource management."
    },
    {
      "heading": "Inflation and prices",
      "content": "- Inflation reached 11.6 percent in 2014.\n- Inflation receded to 4.5 percent in 2015 thanks to improved supply conditions and a fall in the prices of basic imports."
    },
    {
      "heading": "Fiscal outcomes and public finance",
      "content": "- Revenue reached 7.1 percent following corrective measures implemented in 2015.\n- The program supported rebuilding core administrative capacity and improving the management of public resources."
    },
    {
      "heading": "IMF assessment and program support",
      "content": "- IMF Executive Directors commended the authorities for progress achieved under their economic program.\n- The Rapid Credit Facility support has helped stabilize the economy and rebuild institutional capacity."
    },
    {
      "heading": "Thematic focus areas (as stated)",
      "content": "- Arrears\n- External debt\n- Public debt\n- Public financial management (PFM)\n- Revenue administration\n\nCentral 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\n\n---\n\n Content in this bundle\n\n- cr16269\n  - cr16269 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16269 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 10, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475523713.002",
    "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 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.",
    "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 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.",
    "**_cr16269**"
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