## 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, June 28, 2024_

## Source details

**Canonical URL:** [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](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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## Bibliographic details
- Published: June 28, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400282171.002

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### Macro outlook and projections
- 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 and performance
- 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.
  - The missed criterion was attributed to liquidity pressures and the lack of coordination between cash and debt management units.

### Fiscal and revenue issues
- An increase in revenue mobilization in 2024 will hinge on adhering to the action plan.
- The action plan aims to:
  - Improve the transparency of fuel price structures.
  - Align policy reforms with program goals.
  - Enhance collaboration among stakeholders.
  - Bolster regulatory enforcement.

### Key subjects and focal points
- Arrears
- External debt
- Price structures
- Prices
- Public debt
- Revenue administration

*Source: 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).*

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_Source: 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_