Abstract
2018 Article IV Consultation, Fifth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review
• This supplement reports on information that has become available since EBS/18/120, Supplement 2 was circulated to the Executive Board on December 13. Staff has subsequently learnt that the Libyan authorities have indicated that they consent to the provision of Fund financing to the Central African Republic (C.A.R.), notwithstanding official arrears owed by the C.A.R. to Libya.
• Consent by the Libyan authorities under the Fund’s Lending into Official Arrears (“LIOA”) policy means that the assessment proposed in EBS/18/120, Supplement 2 is no longer necessary. Given that the creditor member has now consented to the provision of Fund financing notwithstanding arrears, under the LIOA policy, this consent is sufficient for the Fund to proceed to provide financing to the C.A.R. notwithstanding its official arrears to Libya.