Central African Republic: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 014

Publication date: January 2008

ISBN: 9781451806687

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , ISCR , CR , completion point , exchange rate , public expenditure , reform agenda , decision point , annual debt service , expenditure priority , policy declaration , NPV terms , international community , government plan , Debt relief , Debt service , Arrears , Debt service ratios , Debt reduction , Sub-Saharan Africa

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

This paper presents an assessment of the Central African Republic’s (C.A.R) qualifications for assistance under the Enhanced HIPC Initiative. Stronger policy implementation has helped the economic growth of the C.A.R. under the Poverty Reduction and Growth Facility (PRGF) arrangement. Directors stressed the need for fiscal consolidation supported by policies and implementation of more structural reforms to meet the challenges. A sensitivity analysis of the C.A.R.’s projected external debt burden highlights the need for economic reforms to diversify and enhance export performance and for sustained foreign assistance on favorable terms to avoid the risk of renewed debt distress.