IMF Staff Country Reports

Central African Republic: Second Review Under the Extended Credit Facility, Requests for a Waiver of Nonobservance of Continuous Performance Criterion, Augmentation of Access, and Financing Assurance Review-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic

Publication Date:

June 28, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Despite a challenging environment, the authorities have broadly shown strong commitment to the reforms proposed in the program. Challenges to fuel and electricity supply have undermined economic growth, revenue mobilization, and government liquidity. Further, volatile spending weakened budget credibility. Public debt increased rapidly last year driven by regional issuances, and the authorities have ambitious borrowing plans for 2024. Thus, boosting revenue collection—particularly from fuel imports—and strengthening spending management will be key to preserving macroeconomic stability and debt sustainability.

Series:

Country Report No. 2024/198

Subject:

Arrears Debt service Expenditure External debt Fuel prices Government debt management Price structures Prices Public debt Public financial management (PFM) Revenue administration

Frequency:

regular