Central African Republic: Request for Disbursement Under the Rapid Credit Facility and Cancellation of the Extended Credit Facility Arrangement
June 16, 2014
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This paper focuses on Central African Republic’s (CAR) Request for Disbursement Under the Rapid Credit Facility (RCF) and Cancellation of the Extended Credit Facility Arrangement. The transitional government in CAR is facing daunting challenges. Improved security, donor support, and normalizing salary payments will be crucial to start a recovery in 2014. The macroeconomic outlook is subject to uncertainty and risks. The IMF staff supports the authorities’ request for assistance under the RCF in view of their currently limited capacity to implement policies of an upper credit tranche-quality economic program, the large and urgent balance-of-payments needs, and the catalytic effect of IMF support on other external assistance.
Subject: Credit, Exports, External debt, International trade, Money, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)
Keywords: approval of the RCF, C.A.R. government, C.A.R.'s authorities, CR, Credit, Exports, government, government plan, ISCR, RCF financing, real GDP
Pages:
67
Volume:
2014
DOI:
Issue:
164
Series:
Country Report No. 2014/164
Stock No:
1CAFEA2014001
ISBN:
9781498346863
ISSN:
1934-7685
