Central African Republic: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, December 2, 2005
Source details
- Canonical URL
- Central African Republic: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: December 2, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806625.002
Summary of report
- Focus: economic developments and performance in the Central African Republic (CAR).
- Overall assessment: revenue performance was disappointing, and there were sizable expenditure overruns, particularly on the wage bill.
- Agreed priority: the authorities and IMF staff agreed on the importance of raising government revenue to ensure that sufficient resources are available for basic government functions.
Key findings
- Revenue performance described as "disappointing."
- Expenditure overruns were "sizable," with particular emphasis on the wage bill and "wage bill slippage."
- Identified fiscal vulnerabilities include arrears and external debt pressures (subjects listed: Arrears, Expenditure, External debt).
Recommended reforms and policy actions
- Raise government revenue to finance basic government functions.
- Combat fraud in customs.
- Improve domestic tax administration through increased controls and verification procedures.
Thematic tags and scope
- Subject areas: Arrears, Expenditure, External debt, Imports, International trade, Labor, Wages.
- Keywords (as listed): Arrears, authorities' strategy, authority, C.A.R. authorities, C.A.R. economy, CAR economy, CR, debt situation, Global, Imports, ISCR, private sector, Sub-Saharan Africa, wage bill, wage bill slippage, Wages.
Publication metadata (as presented)
- Date: December 2, 2005
- Pages: 66
- Volume: 2005
- Issue: 424
- Series: Country Report No. 2005/424
- DOI: https://doi.org/10.5089/9781451806625.002
- ISBN: 9781451806625
- ISSN: 1934-7685
Central African Republic: Staff Report for the 2005 Article IV Consultation (IMF Staff Country Reports, December 2, 2005).
Content in this bundle
- _cr05424 - Executive Summary