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Central African Republic: Staff Report for the 2016 Article IV Consultation and request for a Three-Year Arrangement Under the Extended Credit Facility—Supplementary Information

Author(s):
International Monetary Fund. African Dept.
Published Date:
August 2016
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1. This supplement reports on information that has become available since the Staff Report was circulated to the Executive Board on July 11. It does not alter staff’s broad assessment of policy issues and recommendations contained in the report.

2. The authorities of Equatorial Guinea, Iraq, Libya, and Montenegro have consented to Fund financing in the context of a new ECF arrangement notwithstanding C.A.R.’s pre-HIPC Initiative arrears.

3. C.A.R. also has post-HIPC Initiative arrears to India (amounting to US$ 7.3 million), China (amounting to US$ 12 million), and France, which arrears arose during the emergency period. The authorities have contacted the authorities of India and China, and the French export guarantee institute to inform them of their intention to resolve these arrears.

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