Central African Republic: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Central Afri

Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Central African Republic

Volume/Issue: Volume 2007 Issue 073
Publication date: February 2007
ISBN: 9781451806656
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Exports and Imports , Public Finance , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , PRGF arrangement , audit , tender , Growth Facility arrangement , staff's assessment , IMF staff representative , staff of the African Development Bank , Arrears , Poverty reduction strategy , Public and publicly-guaranteed external debt , Global

Summary

This paper discusses Central African Republic’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility. Performance under the authorities’ Emergency Post-Conflict Assistance (EPCA) program has been generally satisfactory through end-September 2006, taking into account the difficult external environment. Overall, the main objectives of the EPCA program for this year should be achieved, with a moderate increase in economic growth, an improved fiscal position, and some progress in structural policies. The authorities’ program for 2007–09 aims to build a firm foundation for accelerating private sector-led growth and alleviating poverty.