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Sunrise over an acacia tree in the African bush. iStockPhoto.

Central African Republic Resident Representative Site

Resident Representative Office in Central African Republic

February 2010

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Central African Republic and the IMF. Additional information can be found on Central African Republic and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Central African Republic.

News and Highlights

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NewsLIC

A Newsletter of the IMF on Low-income countries; November 2012 click for more

Africa Faces Twin Challenges After Global Crisis

With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say as Managing Director Dominique Strauss-Kahn embarks on a three-country visit to the region. click for more

The World Must Not Forget Africa During This Crisis; A Commentary by Dominique Strauss-Kahn, Managing Director, International Monetary Fund

This op-ed has been widely circulated to newspapers throughout the world. This is from The National (United Arab Emirates), February 10, 2009. click for more

Central African Republic and The IMF

Transcript of the African Finance Ministers Press Briefing

April 18, 2015

Press Release: IMF Executive Board Approves US$7.63 Million Disbursement Under the Rapid Credit Facility for the Central African Republic

March 20, 2015

List of IMF Member Countries with Delays in Completion of Article IV Consultations Over 18 Months or Mandatory Financial Stability Assessment Over 18 Months

February 1, 2015
Subject: Somalia | Venezuela | Argentina | Eritrea | Syrian Arab Republic | Central African Republic | Article XIV consultations | Exchange restrictions | Executive Board discussion postponement | Notification of delay click for more

Press Release: IMF Mission and the Central African Republic Reach Staff-level Agreement on Financial Assistance under the Rapid Credit Facility

November 19, 2014

Central African Republic: Request for Disbursement Under the Rapid Credit Facility and the Cancellation of the Extended Credit Facility Arrangement-Staff Report; Press Release; and Statement by the Executive Director for Central African Republic

June 16, 2014
Series: Country Report No. 14/164
Notes:
Also available in French click for more

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains. Click for more



Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.



IMF Opens Africa Training Institute in Mauritius

Africa Training Institute (ATI) Logo

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.