Central African Republic (C.A.R.) is slowly emerging from the 2013 political and security crisis that led to the collapse of the economy and a humanitarian crisis. In recent months, security has improved with the presence of international forces. The domestic inclusive political dialogue (IPD) culminated with the May 2015 Bangui Forum for Reconciliation and Peace, which was instrumental in laying out a schedule toward elections (planned for October and November) that are expected to end the political transition by December 2015. The authorities are implementing their emergency economic reform program, with support from the donor community. Assuming further normalization of the security situation and peaceful elections in October/November 2015, prospects for 2016 should further improve. Public finances will still remain under strong pressure and continued financial aid and technical support from the international community will be necessary in 2016, including possibly an arrangement under the Extended Credit Facility (ECF) to support the new authorities' reform program.
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|Size: ||6.5 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2015|
|ISBN: ||9781513506609 (DRM-EPUB)|
|Read Aloud: ||not allowed|