Central African Republic : 2018 article IV consultation, fifth review under the extended credit facility arrangement and financing assurances review. /

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, [2018]
Description:	1 online resource (106 pages)
Language:	English
Series:	IMF Working Paper ; Number 18/380 IMF working paper ; no. 18/380.
Subject:	Central African Republic -- Bibliography. Central African Republic. Bibliographies.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13783539

Hidden Bibliographic Details
Other authors / contributors:	International Monetary.
ISBN:	9781484392782 1484392787
Notes:	Print version record.
Summary:	The Central African Republic (C.A.R.) is a fragile state with an unstable security environment and widespread poverty. Macroeconomic conditions have stabilized following the 2013 crisis: growth has resumed, inflation has declined, domestic revenues have recovered, and debt ratios have decreased. The government's economic strategy is supported by an arrangement under the Extended Credit Facility (ECF)-launched in July 2016-with total access of SDR 133.68 million (120 percent of quota). Program performance has been satisfactory. All end-June 2018 quantitative and continuous performance criteria were met. Discussions focused on the 2019 budget, policy responses to a higher global oil price, and reforms to improve public financial management and governance. The program is supported by union-level efforts to maintain an appropriate monetary policy stance, build up regional reserves, and promote financial sector stability.

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