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Central African Republic
Third Review under the Extended Credit Facility Arrangement, Requests for Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, Augmentation of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic
International Monetary Fund. African Dept.
The Central African Republic (C.A.R.) is a fragile state. The key economic corridor between Bangui and Cameroon remains stable, but security has deteriorated in other areas. Armed groups have targeted civilians, humanitarian workers, and UN troops and half of the population needs humanitarian assistance. The government is taking steps to restore the authority of the state, notably in the provinces, and launched the disarmament, demobilization, reintegration and repatriation program. Medium-term growth has been revised downward as violence weighs on agricultural production. The ECF-supported program is an integral part of the effort in the CEMAC region to redress regional imbalances and rebuild adequate buffers.
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