CAR renews IMF support amid ‘volatile’ security situation

Bangui
Bangui, capital of the Central African Republic
Wikimedia/Alllexxxis

The Central African Republic (CAR) has renewed its extended credit facility with the International Monetary Fund for a further three years, in the hope the funds will help safeguard the country’s 2019 peace deal.

The IMF’s executive board signed off on an immediate disbursement of $16.4 million, with a total of $115 million on offer over the course of the programme, subject to regular reviews.

“The Central African Republic remains very fragile, with a volatile security environment, limited

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