Central African Republic: First Review of the Arrangement Under the Extended Credit Facility, Financing Assurances Review and Request for Waiver of Nonobservance of Performance Criterion

January 12, 2017

Preview Citation

Format: Chicago

Central African Republic: First Review of the Arrangement Under the Extended Credit Facility, Financing Assurances Review and Request for Waiver of Nonobservance of Performance Criterion, (USA: International Monetary Fund, 2017) accessed December 26, 2024

Also available in: français

Summary

This paper discusses Central African Republic’s First Review of the Arrangement Under the Extended Credit Facility (ECF), Financing Assurances Review and Request for Waiver of Nonobservance of Performance Criterion (PCs). Program implementation through the end of August has been satisfactory. All quantitative and indicative targets were met, with the exception of the criterion on nonaccumulation of external payments for which the authorities are taking corrective measures. Improvement in tax revenue, albeit in line with the program target, remains fragile. The IMF staff supports completion of the first review under the ECF arrangement and the authorities’ request for a waiver for the nonobservance of a PC. The IMF staff also recommends that the financing assurances review be completed.

Subject: Arrears, Commercial banks, Credit, External debt, Financial institutions, Money, Public debt, Revenue administration

Keywords: Arrears, Commercial banks, CR, Credit, Disbursement of SDR, Executive board's decision, Global, Government, Government force, Investment plan, ISCR, Resolute implementation

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/014
Stock No:

1CAFEA2017001
ISBN:

9781475566239
ISSN:

1934-7685

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