Political and economic uncertainties in the Central African Republic (C.A.R.) have abated, but the sociopolitical environment remains fragile. Institutional weaknesses, limited and volatile aid flows, and persistently low domestic resource mobilization have slowed the efforts and considerable...

This paper presents Central African Republic's First Review under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Quantitative Performance Criteria, Rephasing of Access, and Financing Assurances Review. Program...

This paper presents Central African Republic's (CAR) 2023 Article IV Consultation and Request for a 38-Month Arrangement under the Extended Credit Facility (ECF). The ECF-supported program will help meet CAR's protracted balance of payments needs, sustain priority spending on basic public...

EXECUTIVE SUMMARY Context: The March 24, 2013, seizing of power by a coalition of rebels (Séléka) triggered a political and security crisis that resulted in a sharp contraction of economic activity, budgetary pressures, widespread destruction of administrative and economic infrastructures, 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...

This paper discusses Central African Republic's Second Review Under the Extended Credit Facility (ECF) Arrangement. Program implementation as of end-2016 has been broadly satisfactory despite the challenging security situation. All quantitative performance criteria were met while two structural...