IMF Staff Country Reports

Central African Republic: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic

August 10, 2016

Download PDF

Preview Citation

Format: Chicago

Central African Republic: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic, (USA: International Monetary Fund, 2016) accessed December 27, 2024

Summary

This 2016 Article IV Consultation highlights that economic growth in the Central African Republic has remained anemic since 2013 owing to structural rigidities, poor infrastructure, and limited energy supply. Inflation reached 11.6 percent in 2014 and receded to 4.5 percent in 2015 thanks to improved supply conditions and a fall in the prices of basic imports. Corrective measures implemented in 2015 allowed revenue to reach 7.1 percent. IMF Executive Directors have commended the authorities for the progress achieved under their economic program supported by the Rapid Credit Facility, which has helped stabilize the economy, rebuild core administrative capacity, and improve the management of public resources.

Subject: Arrears, External debt, Public debt, Public financial management (PFM), Revenue administration

Keywords: Arrears, Assessment of policy issue, Authorities of India, Central Africa, CR, Debt, Deficit, Export guarantee institute, Government, Government strategy, Initiative arrears, ISCR, Sub-Saharan Africa

Publication Details

  • Pages:

    118

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/269

  • Stock No:

    1CAFEA2016001

  • ISBN:

    9781475523713

  • ISSN:

    1934-7685

You May Also Be Interested In...

Paraguay: Public Investment Management Assessment – PIMA and Climate PIMA

December 24, 2024

Central Bank Stress Testing—Guidance Note

December 23, 2024

Republic of Kosovo: 2024 Article IV Consultation and Third Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

December 23, 2024

Paraguay: Fourth Review Under the Policy Coordination Instrument, Request for Modification of Targets, Second Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Rephasing Access-Press Release; and Staff Report

December 23, 2024