Central African Republic: Sixth Review Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic

July 9, 2019

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Summary

President Touadéra signed a new peace agreement on February 6, 2019 with 14 armed groups. This agreement calls for the establishment of an inclusive government, the deployment of joint brigades, an acceleration of decentralization efforts, and the co-management of natural resources. While its implementation has started, including with the appointment of more inclusive government, the security situation remains volatile. The World Bank (WB) and the European Union (EU) have substantially increased their budgetary support (grants) for 2019–20. The authorities have expressed a strong interest in a successor arrangement.

Subject: Arrears, Budget planning and preparation, External debt, Public debt, Public financial management (PFM), Revenue administration

Keywords: Arrears, assessment of policy issue, assessment of the ability, Budget planning and preparation, CR, debt, ECF arrangement, financing, Global, government, IMF's Executive Board, ISCR, peace agreement

Pages:
82
Volume:
2019
DOI:
https://doi.org/10.5089/9781498324793.002
Issue:
216
Series:
Country Report No. 2019/216
Stock No:
1CAFEA2019001
ISBN:
9781498324793
ISSN:
1934-7685

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