Central African Republic: Request for a Staff Monitored Program

February 7, 2022

Preview Citation

Format: Chicago

Central African Republic: Request for a Staff Monitored Program, (USA: International Monetary Fund, 2022) accessed November 23, 2024

Also available in: français

Summary

President Touadéra was reelected for a second term, despite attempts by armed groups to prevent the general and presidential elections from being held. While the security situation has improved since these groups’ attacks on Bangui were repulsed in January, the prolonged closure of the trade corridor with Cameroon had a substantial economic and fiscal impact, significantly affecting the growth prospects for this year and the cash position of the government. The government’s relations with development partners have deteriorated causing delays in grants disbursements. The number of Covid-19 cases and deaths temporarily increased in the Spring but has returned to a very low level. The three-year ECF arrangement approved in December 2019 is off track, with most performance criteria and structural benchmarks missed prior to the intensification of the domestic conflict, and the third review has not been completed.

Subject: Commercial banks, Credit, Expenditure, Financial institutions, Fiscal policy, International organization, Monetary policy, Money, Public debt

Keywords: Commercial banks, Credit, Financing challenge, Global, Grant financing, IMF team, IMF's transparency policy, Management of the International Monetary Fund

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/031
Stock No:

1CAFEA2022001
ISBN:

9798400201837
ISSN:

1934-7685

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