Central African Republic: Third Review under the Extended Credit Facility Arrangement, Requests for Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, Augmentation of Access, and Financing Assurances Review — Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic
IMF Staff Country Reports, December 27, 2017
Source details
- Canonical URL
- Central African Republic: Third Review under the Extended Credit Facility Arrangement, Requests for Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, Augmentation of Access, and Financing Assurances Review — Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic
Other formats
Bibliographic details
- Published: December 27, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484335642.002
Overview
- Publication date: December 27, 2017
- Paper discusses: Third Review Under the Extended Credit Facility (ECF) Arrangement; Requests for Waiver of Nonobservance of Performance Criterion; Modification of PCs; Augmentation of Access; and Financing Assurances Review for the Central African Republic.
- Program performance through end-June has been satisfactory.
Program performance and quantitative targets
- All quantitative criteria and indicative targets were met, with the exception of the domestic revenue target.
- A waiver of nonobservance was granted for the domestic revenue target.
- Authorities are taking corrective actions to address the shortfall in domestic revenue.
Structural reforms
- All structural reforms have been implemented, albeit with some delays.
IMF staff assessment and recommendations
- IMF staff supports:
- Completion of the third review under the ECF arrangement.
- The waiver of nonobservance of performance criteria on domestic revenue, on the basis of the corrective actions taken.
Content in this bundle
- Country Report