{
  "title": "Central African Republic: Second Review Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Continuous Performance Criterion, Augmentation of Access, and Financing Assurance Review—Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic",
  "publication": "IMF Staff Country Reports, June 28, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/06/28/central-african-republic-second-review-under-the-extended-credit-facility-requests-for-a-551196",
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  "summary": "This paper highlights Central African Republic’s Second Review under the Arrangement under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Continuous Performance Criterion, Augmentation of Access, and Financing Assurances Review. The economy is projected to grow by 1.",
  "sections": [
    {
      "heading": "Macro outlook and projections",
      "content": "- The economy is projected to grow by 1.4 percent in 2024, up from the 0.7 percent posted in 2023.\n- Inflation is projected to gradually decline in subsequent years.\n- These projections hinge on expediting reforms to the fuel market."
    },
    {
      "heading": "Program implementation and performance",
      "content": "- Program implementation was broadly satisfactory considering significant fragilities and uncertainties.\n- Performance under the program has been broadly satisfactory.\n- All but one of the quantitative performance criteria were met.\n- The single missed continuous performance criterion was on the nonaccumulation of external arrears.\n  - The missed criterion was attributed to liquidity pressures and the lack of coordination between cash and debt management units."
    },
    {
      "heading": "Fiscal and revenue issues",
      "content": "- An increase in revenue mobilization in 2024 will hinge on adhering to the action plan.\n- The action plan aims to:\n  - Improve the transparency of fuel price structures.\n  - Align policy reforms with program goals.\n  - Enhance collaboration among stakeholders.\n  - Bolster regulatory enforcement."
    },
    {
      "heading": "Key subjects and focal points",
      "content": "- Arrears\n- External debt\n- Price structures\n- Prices\n- Public debt\n- Revenue administration\n\nSource: Central African Republic: Second Review Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Continuous Performance Criterion, Augmentation of Access, and Financing Assurance Review—Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic (IMF Staff Country Reports 2024, No. 2024/198).\n\n---\n\n Content in this bundle\n\n- 1cafea2024001-print-pdf\n  - 1cafea2024001-print-pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1cafea2024001-print-pdf (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 28, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400282171.002",
    "The economy is projected to grow by 1.4 percent in 2024, up from the 0.7 percent posted in 2023.",
    "Inflation is projected to gradually decline in subsequent years.",
    "These projections hinge on expediting reforms to the fuel market.",
    "Program implementation was broadly satisfactory considering significant fragilities and uncertainties.",
    "Performance under the program has been broadly satisfactory.",
    "All but one of the quantitative performance criteria were met.",
    "The single missed continuous performance criterion was on the nonaccumulation of external arrears.",
    "An increase in revenue mobilization in 2024 will hinge on adhering to the action plan.",
    "The action plan aims to:",
    "**1cafea2024001-print-pdf**"
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