International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Jul 24, 2024

International Monetary Fund (IMF) Staff Concludes Visit to Central African Republic

The positive progress in domestic revenue mobilization since the start of the ECF program continued, reaching a record level of CFAF 80 billion during the first half of this year

The Central African Republic (CAR) continues to implement public finance management and governance reforms, despite the particularly difficult socio-economic context and significant financing needs; In the very short term, the main challenges concern the country's fuel supply and the control of budgetary risks; The implementation of the reforms planned under…

Source: International Monetary Fund (IMF) | Apr 20, 2024

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Central African Republic on the Second Review of the Extended Credit Facility (ECF)

Despite an extremely challenging economic and social context, Central African Republic (CAR) continues to make headway in stabilizing its economy and in achieving fiscal consolidation

The Central African Republic authorities and Fund staff have reached agreement on the economic policies that may underpin the forthcoming approval by the IMF Executive Board of the second review of the ECF-supported program; Despite an extremely challenging economic and social context, Central African Republic (CAR) continues to make headway in…

Source: International Monetary Fund (IMF) | Mar 15, 2023

International Monetary Fund (IMF) Staff Concludes Working Visit to the Central African Republic

The economic situation in the CAR remains challenging and the outlook uncertain, given the precarious humanitarian and social context and the tightening of financial conditions

An International Monetary Fund (IMF) team led by Albert Touna Mama, IMF Mission Chief for the Central African Republic, carried out a working visit to Bangui from February 27 to March 3, 2023. This mission afforded IMF staff the opportunity to review recent economic developments with the CAR authorities and…

Source: International Monetary Fund (IMF) | Apr 12, 2022

IMF Management Completes First Review of the Staff Monitored Program Central African Republic

Fiscal policy centers on the sustainable financing of additional high-priority social spending and investments

IMF Management has approved the first review of the Staff-Monitored Program (SMP) with the Central African Republic. The SMP aims to improve the track record of policy implementation and unlock budget support from donors. Its satisfactory implementation and financing assurances from donors would permit the resumption of discussions under the…

Source: International Monetary Fund (IMF) | Dec 22, 2021

IMF Management Approves a Staff-Monitored Program for the Central African Republic

Its satisfactory implementation would pave the way for the resumption of discussions under an Extended Credit Facility (ECF) supported program in mid-2022

The seven-month Staff-Monitored Program (SMP) will help the authorities address the economic challenges caused by the security crisis and the Covid-19 pandemic. Its satisfactory implementation would pave the way for the resumption of discussions under an Extended Credit Facility (ECF) supported program in mid-2022; the SMP will also support the…

Source: International Monetary Fund (IMF) | Jan 13, 2021

IMF Executive Board completes first and second reviews of the Central African Republic’s arrangement under the Extended Credit Facility and approves US$ 34.4 Million disbursement

The Covid-19 pandemic has had a substantial impact on Central African Republic’s economy but appears now somewhat contained

The Executive Board of the International Monetary Fund (IMF) completed the first and second reviews of the Central African Republic’s (CAR) economic and financial program supported by an Extended Credit Facility (ECF) arrangement. Completion of the reviews enables the disbursement of SDR 23.87 million, about US$ 34.4million), bringing total disbursements under…

Source: International Monetary Fund (IMF) | Oct 10, 2020

International Monetary Fund (IMF) Staff completes Review Mission to Central African Republic

Welcomes the progress made in the fight against the Covid-19 pandemic

The IMF team welcomes the progress made in the fight against the Covid-19 pandemic and the preparation of next December’s presidential and legislative elections; the pandemic and the containment measures have had a significant impact on growth, inflation, and public finances; the Central African authorities and the IMF team discussed…

Source: International Monetary Fund (IMF) | Oct 10, 2020

Opening Remarks at Mobilizing with Africa II High-Level Virtual Event

We are here today because COVID-19 continues its assault on the health and wellbeing of people, and on the economy

By Managing Director Kristalina Georgieva As prepared for delivery Excellencies, Ministers, Ladies and Gentlemen—thank you for participating in this important event. I am honored to co-host with President Malpass. And I would like to recognize U.N. Secretary General Guterres and AU Commission Chair Moussa Faki Mahamat. We are here today…

Source: International Monetary Fund (IMF) | Apr 20, 2020

Coronavirus - Central African Republic: IMF Executive Board Approves a US$38 Million Disbursement to the Central African Republic to Address the COVID-19 Pandemic

The country will also benefit from IMF debt service relief under the Catastrophe Containment and Relief Trust

If not contained, the pandemic could have a considerable economic and social impact on the Central African Republic, a fragile state with limited existing capacity to contain it; To address the urgent balance-of-payments needs, the IMF approved US$38 million emergency assistance for the Central African Republic under the Rapid Credit…

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