IMF Staff Country Reports

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

December 27, 2017

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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, (USA: International Monetary Fund, 2017) accessed November 22, 2024

Also available in: français

Summary

This paper discusses Central African Republic’s 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. Program performance through end-June has been satisfactory. All quantitative criteria and indicative targets were met, with the exception of the domestic revenue target for which the authorities are taking corrective actions and a waiver of nonobservance was granted. All structural reforms have been implemented, albeit with some delays. The IMF staff supports completion of the third review under the ECF arrangement and the waiver of nonobservance of PCs on domestic revenue, on the basis of the corrective actions taken.

Subject: Arrears, Budget planning and preparation, External debt, Public debt, Public financial management (PFM), Revenue administration

Keywords: Arrears, Authority, Budget planning and preparation, Clearance strategy, Collection measure, CR, Disbursement of SDR, Government, Implementation, ISCR, Revenue collection, Sound implementation

Publication Details

  • Pages:

    78

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2017/407

  • Stock No:

    1CAFEA2017003

  • ISBN:

    9781484335642

  • ISSN:

    1934-7685

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