Analysis by Region - Emerging Markets - Central African Republic

Analysis by Region - Emerging Markets - Central African Republic

Real GDP growth is forecast to recover to 1.0% in 2023 thanks to external support from the IMF. The multilateral organisation approved a three-year Extended Credit Facility (ECF) programme for the CAR in April this year, unleashing $191m in funding. Key policy commitments under the programme include i) safeguarding priority spending, ii) improving domestic revenue mobilisation, iii) strengthening customs & tax administration, iv) streamlining tax exemptions, v) reinforcing fiscal governance & transparency, vi) reforming the fuel market & fuel pricing structure, and vii) reducing the risk of crypto-related projects.