Central African Republic; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Waivers of Nonobservance of Performance Criteria and Augmentation of Access, and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Central African Republic

This paper reviews the Central African Republicâ€™s three-year arrangement under the poverty reduction and growth facility. Concerns about the social impact of higher fuel prices have delayed implementation of an automatic pricing formula and caused serious fiscal losses. The new financing strategy is based on issuing debt instruments in the regional financial market to improve the domestic debt profile. IMF staff recommends completion of the second review, granting of waivers for nonobservance of performance criteria, and an augmentation of access.

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Year of publication:	2008-07-03
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Poverty Reduction and Growth Facility \| Performance criteria waivers \| Staff Reports \| Announcements \| Economic conditions \| Economic indicators \| Debt sustainability \| debt service \| external debt \| debt \| debt relief \| current account \| domestic debt \| public debt \| debt management \| public sector debt \| capital expenditure \| budget support \| balance of payments \| fiscal program \| government revenue \| quasi-fiscal deficits \| fiscal balance \| fiscal consolidation \| multilateral creditors \| payment arrears \| fiscal deficits \| current account deficit \| commercial creditors \| central bank \| debt sustainability analysis \| current account balance \| fiscal policy \| repayments \| tax policy \| government expenditure \| primary fiscal balance \| bilateral creditors \| public expenditure \| external payments \| debt management unit \| primary deficit \| taxation \| fiscal losses \| external payments arrears \| primary expenditure \| fiscal framework \| external debt sustainability \| external debt service \| debt overhang \| tax system \| fiscal management \| debt service projections \| budget execution reports \| repurchases \| fiscal stance \| tax reform \| external payment \| capital expenditures \| tax administration \| budget law \| external financing \| fiscal surplus \| debt ratio \| debt service obligations \| ppg debt \| tax revenue \| debt dynamics \| foreign debt \| public and publicly guaranteed \| fiscal position \| fiscal discipline \| debt-service \| short-term debt \| debt rescheduling \| fiscal flexibility \| fiscal efforts \| government budget \| domestic currency \| tax base \| tax revenues \| amortization payments \| multilateral debt \| debt relief initiative \| debt database \| domestic savings \| currency debt \| bilateral donor \| tax increases \| external shock \| imf repurchases \| private sector debt \| fiscal objectives \| total external debt \| prudent fiscal policy \| data processing \| debt servicing \| public sector borrowing \| domestic public debt \| debt management strategy \| long-term debt \| fiscal agencies \| multilateral debt relief \| debt management capacity \| annual budget \| medium-term debt sustainability \| debt stock \| external debt indicators \| tax policy reform \| tax evasion \| fiscal adjustment \| bilateral creditor \| fiscal risks \| government debt \| tax liability \| net debt \| fiscal assumptions \| foreign aid \| fiscal developments \| debt management software \| budget allocations \| fiscal performance \| primary current expenditure \| publicly-guaranteed

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/215 7 pages long
Source:	RePEc - Research Papers in Economics

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