{
  "title": "Central African Republic: Third Review under the Extended Credit Facility Arrangement, Requests for Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, Augmentation of Access, and Financing Assurances Review — Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic",
  "publication": "IMF Staff Country Reports, December 27, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/12/27/central-african-republic-third-review-under-the-extended-credit-facility-arrangement-45527",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2017/12/27/central-african-republic-third-review-under-the-extended-credit-facility-arrangement-45527",
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  "summary": "This paper discusses Central African Republic’s Third Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Waiver of Nonobservance of Performance Criterion, Modification of PCs, Augmentation of Access, And Financing Assurances Review.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Publication date: December 27, 2017\n- Paper discusses: Third Review Under the Extended Credit Facility (ECF) Arrangement; Requests for Waiver of Nonobservance of Performance Criterion; Modification of PCs; Augmentation of Access; and Financing Assurances Review for the Central African Republic.\n- Program performance through end-June has been satisfactory."
    },
    {
      "heading": "Program performance and quantitative targets",
      "content": "- All quantitative criteria and indicative targets were met, with the exception of the domestic revenue target.\n- A waiver of nonobservance was granted for the domestic revenue target.\n- Authorities are taking corrective actions to address the shortfall in domestic revenue."
    },
    {
      "heading": "Structural reforms",
      "content": "- All structural reforms have been implemented, albeit with some delays."
    },
    {
      "heading": "IMF staff assessment and recommendations",
      "content": "- IMF staff supports:\n  - Completion of the third review under the ECF arrangement.\n  - The waiver of nonobservance of performance criteria on domestic revenue, on the basis of the corrective actions taken.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2017/12/27/central-african-republic-third-review-under-the-extended-credit-facility-arrangement-45527/index.md)",
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    "Published: December 27, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484335642.002",
    "Publication date: December 27, 2017",
    "Paper discusses: Third Review Under the Extended Credit Facility (ECF) Arrangement; Requests for Waiver of Nonobservance of Performance Criterion; Modification of PCs; Augmentation of Access; and Financing Assurances Review for the Central African Republic.",
    "Program performance through end-June has been satisfactory.",
    "All quantitative criteria and indicative targets were met, with the exception of the domestic revenue target.",
    "A waiver of nonobservance was granted for the domestic revenue target.",
    "Authorities are taking corrective actions to address the shortfall in domestic revenue.",
    "All structural reforms have been implemented, albeit with some delays.",
    "IMF staff supports:",
    "**Country Report**"
  ],
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      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr17407.pdf",
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