## 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

_IMF Staff Country Reports, December 27, 2017_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2017/12/27/central-african-republic-third-review-under-the-extended-credit-facility-arrangement-45527)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/12/27/central-african-republic-third-review-under-the-extended-credit-facility-arrangement-45527/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/12/27/central-african-republic-third-review-under-the-extended-credit-facility-arrangement-45527/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/12/27/central-african-republic-third-review-under-the-extended-credit-facility-arrangement-45527/bundle-manifest.json)

## Bibliographic details
- Published: December 27, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484335642.002

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### Overview
- 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.

### Program performance and quantitative targets
- 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.

### Structural reforms
- All structural reforms have been implemented, albeit with some delays.

### IMF staff assessment and recommendations
- IMF staff supports:
  - Completion of the third review under the ECF arrangement.
  - The waiver of nonobservance of performance criteria on domestic revenue, on the basis of the corrective actions taken.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17407.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17407.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/12/27/central-african-republic-third-review-under-the-extended-credit-facility-arrangement-45527_