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

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 credib...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2024
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Inflation 
653 |a Credit 
653 |a Revenue administration 
653 |a Public debt 
653 |a Price structures 
653 |a Environmental Economics 
653 |a Public finance & taxation 
653 |a Monetary economics 
653 |a Deflation 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
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653 |a Arrears 
653 |a International economics 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a External debt 
653 |a Sovereign Debt 
653 |a Price Level 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Macroeconomics 
653 |a Prices 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Revenue 
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520 |a 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