Central African Republic: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Central African Republic

IMF Staff Country Reports, February 22, 2007

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Central African Republic: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Central African Republic

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Bibliographic details

• Published: February 22, 2007
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451806656.002

Summary and context

• Paper discusses Central African Republic’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility.
• Performance under the authorities’ Emergency Post-Conflict Assistance (EPCA) program has been generally satisfactory through end-September 2006, taking into account the difficult external environment.
• Overall, the main objectives of the EPCA program for this year should be achieved, with:
  • a moderate increase in economic growth,
  • an improved fiscal position,
  • and some progress in structural policies.
• The authorities’ program for 2007–09 aims to build a firm foundation for accelerating private sector-led growth and alleviating poverty.

Key findings and projections

• Performance assessment:
  • EPCA program performance: generally satisfactory through end-September 2006.
  • External environment: characterized as difficult and taken into account in assessment.
• Expected outcomes for the EPCA program year:
  • moderate increase in economic growth,
  • improved fiscal position,
  • some progress in structural policies.
• Program objectives for 2007–09:
  • build a firm foundation for accelerating private sector-led growth,
  • alleviate poverty.

Policy implications and priorities

• Short-term: maintain measures under EPCA to secure fiscal improvement and continued structural-policy progress.
• Medium-term (2007–09): orient program design to:
  • accelerate private sector-led growth,
  • prioritize poverty alleviation through growth-supporting and pro-poor policies.

Thematic subjects and keywords

• Subject areas:
  • Arrears
  • External debt
  • Poverty
  • Poverty reduction strategy
  • Public and publicly-guaranteed external debt
  • Public financial management (PFM)
• Keywords:
  • Arrears
  • audit
  • CR
  • Global
  • Growth Facility arrangement
  • IMF staff representative
  • ISCR
  • Poverty reduction strategy
  • PRGF arrangement
  • Public and publicly-guaranteed external debt
  • staff of the African Development Bank
  • staff's assessment
  • tender

Content in this bundle

• _cr0773 — IMF Staff Report
  • _cr0773 — IMF Staff Report (Markdown version)
  • _cr0773 — IMF Staff Report (PDF)