Central African Republic: IMF Executive Board Approves Us$115.1 Million Three-Year Extended Credit Facility (Ecf) Arrangement for the Central African Republic

[IMF] On December 20, 2019, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the IMF's Extended Credit Facility (ECF) for the Central African Republic (CAR) equivalent to SDR83.55 million (about US$115.1 million, or 75 percent of the Central African Republic's quota in the Fund). The IMF-supported program aims to maintain macroeconomic stability, strengthen administrative capacity, governance and the business climate, and address the country's protracted balanc