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This paper assesses competitiveness in the case of the Central African Republic, a postconflict country. The paper presents several conventional techniques for assessing competitiveness, namely the real exchange rate and recent trade performance. Several other measures are considered, in particular transport costs and governance measures, which may be more effective in capturing the obstacles to competitiveness posed by the poor security environment and weak institutions common to many post-conflict situations. The real exchange measure and trade measures suggest some mild erosion of competitiveness in recent years, while the other measures indicate that the competitiveness challenges faced by the Central African Republic are much deeper.

Competition --- Foreign exchange rates --- Postwar reconstruction --- Central African Republic --- Commerce. --- Economic conditions. --- Economic policy. --- Post-conflict reconstruction --- Reconstruction, Postwar --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Rates --- Economic aspects --- République centrafricaine --- Republica Africa Centrală --- T︠S︡entralʹnoafrikanskai︠a︡ Respublika --- R.C.A. --- RCA --- Ködörösêse tî Bêafrîka --- Sentraal-Afrikaanse Republiek --- Afrika Qendrore --- Centraal-Afrikaanse Republiek --- Zentralafrikanische Republik --- Kesk-Aafrika Vabariik --- República Centroafricana --- Repubblica Centrafricana --- Republik Afrika Tengah --- CAR --- Mið-Afríkulýðveldið --- Jamhuri ya Afrika ya Kati --- Centrālāfrika --- Centrinės Afrikos Respublika --- Sentralafrikanske republikk --- Republika Środkowoafrykańska --- República Centro-Africana --- Közép-afrikai Köztársaság --- Centralafrikanska republiken --- Orta Afrika Cumhuriyeti --- Cộng hòa Trung Phi --- Republik Afrika Teungoh --- Zentralafrikanischi Republik --- Middel Affricanisc Cynewīse --- Republica Chendroafricanã --- Rèpublica centrafriquêna --- Märkäzi Afrika Respublikası --- Cema Afrika Fasojamana --- Cεma Afrika Fasojamana --- CAF --- Ripublik Aprika Tangah --- Tiong-hui Kiōng-hô-kok --- Цэнтральна-Афрыканская Рэспубліка --- Tsėntralʹna-Afrykanskai︠a︡ Rėspublika --- ЦАР --- TsAR (Tsėntralʹna-Afrykanskai︠a︡ Rėspublika) --- Sentral na Aprikanong Republika --- Централноафриканска република --- T︠S︡entralnoafrikanska republika --- Centralnoafrička Republika --- Republik Kreizafrikan --- Tu̇b Afrikyn Bu̇gėdė Naĭramdakha Ulas --- Tu̇b Afrikyn Ulas --- República Centreafricana --- Republikang Sentral Aprikano --- Středoafrická republika --- Gweriniaeth Canolbarth Affrica --- Centralafrikanske Republik --- Naakaii Łizhinii Bikéyah Beʼałnííʼ --- Centralnoafriska republika --- Κεντροαφρικανική Δημοκρατία --- Kentroaphrikanikē Dēmokratia --- Centr-Afrika Respubliko --- Repúbrica Centroafricana --- Afrika Erdiko Errepublika --- Miðafrikalýðveldið --- Sintraal-Afrikaanske Republyk --- Poblacht na hAfraice Láir --- Pobblaght yn Affrick Veanagh --- Merkez Afrika Respublikası --- Poblachd Meadhan Afraga --- Poblachd Mheadhan Aifric --- Ȯr Aprikin Orn --- Srednjoafrička Republika --- Centrafrika --- Republika ti Tengnga nga Aprika --- Republica Centroafrican --- Централон Африкæйы Республикæ --- T︠S︡entralon Afrikæĭy Respublikæ --- הרפובליקה המרכז-אפריקאית --- ha-Republiḳah ha-Merkaz-Afriḳaʼit --- רפובליקה המרכז-אפריקאית --- Republiḳah ha-Merkaz-Afriḳaʼit --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Monopolies --- Open price system --- Supply and demand --- Trusts, Industrial --- Ubangi-Shari --- Central African Empire --- Centrafrique --- Централон Африкæйы Республикæ --- Finance: General --- Foreign Exchange --- Infrastructure --- Industry Studies: Transportation and Utilities: General --- General Financial Markets: General (includes Measurement and Data) --- Investment --- Capital --- Intangible Capital --- Capacity --- Macroeconomics --- Currency --- Finance --- Transportation --- Real exchange rates --- Saving and investment --- Burkina Faso

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The staff report for the Use of Fund Resources—Request for Post-Conflict Emergency Assistance on the Central African Republic (CAR) focuses on the political situation and post-conflict economic recovery. The post-conflict economic recovery remains subdued. Fiscal reforms will focus on boosting revenue and containing expenditure. Revenue measures will center on tightening controls in tax administration and fighting fraud at customs. Reforms in the governance area are directed at fighting corruption mainly through enhanced transparency and strengthening the judiciary with a view to improving the management of public resources.

Debts, Public --- Economic assistance --- Postwar reconstruction --- Post-conflict reconstruction --- Reconstruction, Postwar --- Economic aid --- Foreign aid program --- Foreign assistance --- Grants-in-aid, International --- International economic assistance --- International grants-in-aid --- Economic policy --- International economic relations --- Conditionality (International relations) --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Central African Republic --- Afrika Erdiko Errepublika --- Afrika Qendrore --- CAF --- CAR --- Cema Afrika Fasojamana --- Centr-Afrika Respubliko --- Centraal-Afrikaanse Republiek --- Centrafrika --- Centrafrique --- Centrālāfrika --- Centralafrikanska republiken --- Centralafrikanske Republik --- Centralnoafrička Republika --- Centralnoafriska republika --- Centrinės Afrikos Respublika --- Cộng hòa Trung Phi --- Cεma Afrika Fasojamana --- Gweriniaeth Canolbarth Affrica --- ha-Republiḳah ha-Merkaz-Afriḳaʼit --- Jamhuri ya Afrika ya Kati --- Kentroaphrikanikē Dēmokratia --- Kesk-Aafrika Vabariik --- Ködörösêse tî Bêafrîka --- Közép-afrikai Köztársaság --- Märkäzi Afrika Respublikası --- Merkez Afrika Respublikası --- Mið-Afríkulýðveldið --- Miðafrikalýðveldið --- Middel Affricanisc Cynewīse --- Naakaii Łizhinii Bikéyah Beʼałnííʼ --- Ȯr Aprikin Orn --- Orta Afrika Cumhuriyeti --- Pobblaght yn Affrick Veanagh --- Poblachd Meadhan Afraga --- Poblachd Mheadhan Aifric --- Poblacht na hAfraice Láir --- R.C.A. --- RCA --- Repubblica Centrafricana --- Republica Africa Centrală --- Rèpublica centrafriquêna --- República Centreafricana --- República Centro-Africana --- Republica Centroafrican --- República Centroafricana --- Republica Chendroafricanã --- Republik Afrika Tengah --- Republik Afrika Teungoh --- Republik Kreizafrikan --- Republika Środkowoafrykańska --- Republika ti Tengnga nga Aprika --- Republiḳah ha-Merkaz-Afriḳaʼit --- Republikang Sentral Aprikano --- République centrafricaine --- Repúbrica Centroafricana --- Ripublik Aprika Tangah --- Sentraal-Afrikaanse Republiek --- Sentral na Aprikanong Republika --- Sentralafrikanske republikk --- Sintraal-Afrikaanske Republyk --- Srednjoafrička Republika --- Středoafrická republika --- Tiong-hui Kiōng-hô-kok --- TsAR (Tsėntralʹna-Afrykanskai︠a︡ Rėspublika) --- Tsėntralʹna-Afrykanskai︠a︡ Rėspublika --- T︠S︡entralnoafrikanska republika --- T︠S︡entralʹnoafrikanskai︠a︡ Respublika --- T︠S︡entralon Afrikæĭy Respublikæ --- Tu̇b Afrikyn Bu̇gėdė Naĭramdakha Ulas --- Tu̇b Afrikyn Ulas --- Zentralafrikanische Republik --- Zentralafrikanischi Republik --- Κεντροαφρικανική Δημοκρατία --- ЦАР --- Цэнтральна-Афрыканская Рэспубліка --- Централноафриканска република --- Централон Африкæйы Республикæ --- רפובליקה המרכז-אפריקאית --- הרפובליקה המרכז-אפריקאית --- Central African Empire --- Ubangi-Shari --- Economic conditions. --- Exports and Imports --- Labor --- Macroeconomics --- Public Finance --- International Lending and Debt Problems --- National Government Expenditures and Related Policies: General --- Foreign Aid --- Wages, Compensation, and Labor Costs: General --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Fiscal Policy --- International economics --- Public finance & taxation --- Labour --- income economics --- Civil service & public sector --- Expenditure --- Arrears --- External debt --- Emergency assistance --- Foreign aid --- Debts, External --- Expenditures, Public --- Civil service --- Fiscal policy --- Income economics

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This Selected Issues paper and Statistical Appendix analyzes economic developments over the past decade in the Central African Republic (CAR). It examines the regional integration efforts of the CAR in the context of the Central African Economic and Monetary Community (CEMAC). The paper presents an overview of the CEMAC customs union reform, and investigates the status of the implementation of the CEMAC trade reform in the CAR. The paper also evaluates the impact of the regional trade reform on the CAR’s trade performance, based on trade developments in the CAR during 1994–2002.

Poverty --- Finance --- Diamond industry and trade --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Jewelry trade --- Nonmetallic minerals industry --- Funding --- Funds --- Economics --- Currency question --- Central African Republic --- Afrika Erdiko Errepublika --- Afrika Qendrore --- CAF --- CAR --- Cema Afrika Fasojamana --- Centr-Afrika Respubliko --- Centraal-Afrikaanse Republiek --- Centrafrika --- Centrafrique --- Centrālāfrika --- Centralafrikanska republiken --- Centralafrikanske Republik --- Centralnoafrička Republika --- Centralnoafriska republika --- Centrinės Afrikos Respublika --- Cộng hòa Trung Phi --- Cεma Afrika Fasojamana --- Gweriniaeth Canolbarth Affrica --- ha-Republiḳah ha-Merkaz-Afriḳaʼit --- Jamhuri ya Afrika ya Kati --- Kentroaphrikanikē Dēmokratia --- Kesk-Aafrika Vabariik --- Ködörösêse tî Bêafrîka --- Közép-afrikai Köztársaság --- Märkäzi Afrika Respublikası --- Merkez Afrika Respublikası --- Mið-Afríkulýðveldið --- Miðafrikalýðveldið --- Middel Affricanisc Cynewīse --- Naakaii Łizhinii Bikéyah Beʼałnííʼ --- Ȯr Aprikin Orn --- Orta Afrika Cumhuriyeti --- Pobblaght yn Affrick Veanagh --- Poblachd Meadhan Afraga --- Poblachd Mheadhan Aifric --- Poblacht na hAfraice Láir --- R.C.A. --- RCA --- Repubblica Centrafricana --- Republica Africa Centrală --- Rèpublica centrafriquêna --- República Centreafricana --- República Centro-Africana --- Republica Centroafrican --- República Centroafricana --- Republica Chendroafricanã --- Republik Afrika Tengah --- Republik Afrika Teungoh --- Republik Kreizafrikan --- Republika Środkowoafrykańska --- Republika ti Tengnga nga Aprika --- Republiḳah ha-Merkaz-Afriḳaʼit --- Republikang Sentral Aprikano --- République centrafricaine --- Repúbrica Centroafricana --- Ripublik Aprika Tangah --- Sentraal-Afrikaanse Republiek --- Sentral na Aprikanong Republika --- Sentralafrikanske republikk --- Sintraal-Afrikaanske Republyk --- Srednjoafrička Republika --- Středoafrická republika --- Tiong-hui Kiōng-hô-kok --- TsAR (Tsėntralʹna-Afrykanskai︠a︡ Rėspublika) --- Tsėntralʹna-Afrykanskai︠a︡ Rėspublika --- T︠S︡entralnoafrikanska republika --- T︠S︡entralʹnoafrikanskai︠a︡ Respublika --- T︠S︡entralon Afrikæĭy Respublikæ --- Tu̇b Afrikyn Bu̇gėdė Naĭramdakha Ulas --- Tu̇b Afrikyn Ulas --- Zentralafrikanische Republik --- Zentralafrikanischi Republik --- Κεντροαφρικανική Δημοκρατία --- ЦАР --- Цэнтральна-Афрыканская Рэспубліка --- Централноафриканска република --- Централон Африкæйы Республикæ --- רפובליקה המרכז-אפריקאית --- הרפובליקה המרכז-אפריקאית --- Central African Empire --- Ubangi-Shari --- Social policy. --- Economic conditions. --- Economic policy. --- Banks and Banking --- Exports and Imports --- Money and Monetary Policy --- Public Finance --- Taxation --- Industries: Financial Services --- Trade: General --- Trade Policy --- International Trade Organizations --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Personal Income and Other Nonbusiness Taxes and Subsidies --- International economics --- Public finance & taxation --- Banking --- Monetary economics --- Macroeconomics --- Investment & securities --- Exports --- Credit --- Imports --- Income and capital gains taxes --- Commercial banks --- International trade --- Money --- Taxes --- Financial institutions --- Banks and banking --- Income tax

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Central African Republic (C.A.R) showed satisfactory performance amidst difficult conditions under the Poverty Reduction and Growth Facility (PRGF) arrangement. Executive Directors commended the authorities' efforts to consolidate peace and security and pursue macroeconomic stabilization and structural reforms. Directors stressed that policies need to focus on accelerating growth and increasing the economy’s resilience with the private sector playing an increasing role. They agreed with the need to continue with fiscal consolidation and noted the improvement in debt sustainability. They agreed that C.A.R had fulfilled the requirements to reach the decision point under the Enhanced HIPC Initiative and qualified debt relief.

Poverty --- Central African Republic --- Economic policy. --- Economic conditions. --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Afrika Erdiko Errepublika --- Afrika Qendrore --- CAF --- CAR --- Cema Afrika Fasojamana --- Centr-Afrika Respubliko --- Centraal-Afrikaanse Republiek --- Centrafrika --- Centrafrique --- Centrālāfrika --- Centralafrikanska republiken --- Centralafrikanske Republik --- Centralnoafrička Republika --- Centralnoafriska republika --- Centrinės Afrikos Respublika --- Cộng hòa Trung Phi --- Cεma Afrika Fasojamana --- Gweriniaeth Canolbarth Affrica --- ha-Republiḳah ha-Merkaz-Afriḳaʼit --- Jamhuri ya Afrika ya Kati --- Kentroaphrikanikē Dēmokratia --- Kesk-Aafrika Vabariik --- Ködörösêse tî Bêafrîka --- Közép-afrikai Köztársaság --- Märkäzi Afrika Respublikası --- Merkez Afrika Respublikası --- Mið-Afríkulýðveldið --- Miðafrikalýðveldið --- Middel Affricanisc Cynewīse --- Naakaii Łizhinii Bikéyah Beʼałnííʼ --- Ȯr Aprikin Orn --- Orta Afrika Cumhuriyeti --- Pobblaght yn Affrick Veanagh --- Poblachd Meadhan Afraga --- Poblachd Mheadhan Aifric --- Poblacht na hAfraice Láir --- R.C.A. --- RCA --- Repubblica Centrafricana --- Republica Africa Centrală --- Rèpublica centrafriquêna --- República Centreafricana --- República Centro-Africana --- Republica Centroafrican --- República Centroafricana --- Republica Chendroafricanã --- Republik Afrika Tengah --- Republik Afrika Teungoh --- Republik Kreizafrikan --- Republika Środkowoafrykańska --- Republika ti Tengnga nga Aprika --- Republiḳah ha-Merkaz-Afriḳaʼit --- Republikang Sentral Aprikano --- République centrafricaine --- Repúbrica Centroafricana --- Ripublik Aprika Tangah --- Sentraal-Afrikaanse Republiek --- Sentral na Aprikanong Republika --- Sentralafrikanske republikk --- Sintraal-Afrikaanske Republyk --- Srednjoafrička Republika --- Středoafrická republika --- Tiong-hui Kiōng-hô-kok --- TsAR (Tsėntralʹna-Afrykanskai︠a︡ Rėspublika) --- Tsėntralʹna-Afrykanskai︠a︡ Rėspublika --- T︠S︡entralnoafrikanska republika --- T︠S︡entralʹnoafrikanskai︠a︡ Respublika --- T︠S︡entralon Afrikæĭy Respublikæ --- Tu̇b Afrikyn Bu̇gėdė Naĭramdakha Ulas --- Tu̇b Afrikyn Ulas --- Zentralafrikanische Republik --- Zentralafrikanischi Republik --- Κεντροαφρικανική Δημοκρατία --- ЦАР --- Цэнтральна-Афрыканская Рэспубліка --- Централноафриканска република --- Централон Африкæйы Республикæ --- רפובליקה המרכז-אפריקאית --- הרפובליקה המרכז-אפריקאית --- Central African Empire --- Ubangi-Shari --- Banks and Banking --- Exports and Imports --- Financial Risk Management --- Foreign Exchange --- Public Finance --- Social Services and Welfare --- International Lending and Debt Problems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Taxation, Subsidies, and Revenue: General --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Government Policy --- Provision and Effects of Welfare Program --- Public finance & taxation --- International economics --- Banking --- Currency --- Foreign exchange --- Finance --- Social welfare & social services --- Arrears --- Commercial banks --- Revenue administration --- Real effective exchange rates --- Capital spending --- External debt --- Financial institutions --- Expenditure --- Debts, External --- Banks and banking --- Revenue --- Capital investments

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The Staff Report for the 2011 Article IV Consultation found the macroeconomic performance of the Central African Republic (CAR) satisfactory despite its below-average growth compared with other countries of the region. The report has identified lack of resources, institutional frailties, overdependence on external assistance among other factors responsible for the tardy economic growth and increase in poverty. However, the report has observed that the economy is poised for a medium-term recovery with budgetary discipline and transparency, and effective management of public debt.

Finance, Public --- Cameralistics --- Public finance --- Public finances --- Currency question --- Central African Republic. --- Afrika Erdiko Errepublika --- Afrika Qendrore --- CAF --- CAR --- Cema Afrika Fasojamana --- Centr-Afrika Respubliko --- Centraal-Afrikaanse Republiek --- Centrafrika --- Centrafrique --- Centrālāfrika --- Centralafrikanska republiken --- Centralafrikanske Republik --- Centralnoafrička Republika --- Centralnoafriska republika --- Centrinės Afrikos Respublika --- Cộng hòa Trung Phi --- Cεma Afrika Fasojamana --- Gweriniaeth Canolbarth Affrica --- ha-Republiḳah ha-Merkaz-Afriḳaʼit --- Jamhuri ya Afrika ya Kati --- Kentroaphrikanikē Dēmokratia --- Kesk-Aafrika Vabariik --- Ködörösêse tî Bêafrîka --- Közép-afrikai Köztársaság --- Märkäzi Afrika Respublikası --- Merkez Afrika Respublikası --- Mið-Afríkulýðveldið --- Miðafrikalýðveldið --- Middel Affricanisc Cynewīse --- Naakaii Łizhinii Bikéyah Beʼałnííʼ --- Ȯr Aprikin Orn --- Orta Afrika Cumhuriyeti --- Pobblaght yn Affrick Veanagh --- Poblachd Meadhan Afraga --- Poblachd Mheadhan Aifric --- Poblacht na hAfraice Láir --- R.C.A. --- RCA --- Repubblica Centrafricana --- Republica Africa Centrală --- Rèpublica centrafriquêna --- República Centreafricana --- República Centro-Africana --- Republica Centroafrican --- República Centroafricana --- Republica Chendroafricanã --- Republik Afrika Tengah --- Republik Afrika Teungoh --- Republik Kreizafrikan --- Republika Środkowoafrykańska --- Republika ti Tengnga nga Aprika --- Republiḳah ha-Merkaz-Afriḳaʼit --- Republikang Sentral Aprikano --- République centrafricaine --- Repúbrica Centroafricana --- Ripublik Aprika Tangah --- Sentraal-Afrikaanse Republiek --- Sentral na Aprikanong Republika --- Sentralafrikanske republikk --- Sintraal-Afrikaanske Republyk --- Srednjoafrička Republika --- Středoafrická republika --- Tiong-hui Kiōng-hô-kok --- TsAR (Tsėntralʹna-Afrykanskai︠a︡ Rėspublika) --- Tsėntralʹna-Afrykanskai︠a︡ Rėspublika --- T︠S︡entralnoafrikanska republika --- T︠S︡entralʹnoafrikanskai︠a︡ Respublika --- T︠S︡entralon Afrikæĭy Respublikæ --- Tu̇b Afrikyn Bu̇gėdė Naĭramdakha Ulas --- Tu̇b Afrikyn Ulas --- Zentralafrikanische Republik --- Zentralafrikanischi Republik --- Κεντροαφρικανική Δημοκρατία --- ЦАР --- Цэнтральна-Афрыканская Рэспубліка --- Централноафриканска република --- Централон Африкæйы Республикæ --- רפובליקה המרכז-אפריקאית --- הרפובליקה המרכז-אפריקאית --- Central African Empire --- Ubangi-Shari --- Banks and Banking --- Macroeconomics --- Public Finance --- Social Services and Welfare --- Debt --- Debt Management --- Sovereign Debt --- Energy: Demand and Supply --- Prices --- Taxation, Subsidies, and Revenue: General --- Government Policy --- Provision and Effects of Welfare Program --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Health: General --- Public finance & taxation --- Social welfare & social services --- Banking --- Health economics --- Public debt --- Oil prices --- Revenue administration --- Commercial banks --- Health --- Financial institutions --- Debts, Public --- Revenue --- Poverty --- Banks and banking --- Central African Republic