Central African Republic - Economic Reform Support Programme (PARE)


Project Summary

Approval Date 15 Jun 2007
Signature Date 28 Jun 2007
Planned Completion Date 31 Dec 2008
Last Disbursement Planned Date 30 Jun 2009
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Environmental Category 3
Commitment U.A 6,500,000
Status Completion

Project General Description

The present intervention is related to the Economic Reform Support Programme (PARE). It was conceived because for almost ten years, the Central African Republic (CAR) experienced recurring politico-military conflicts that had a devastating effect on the country's socio-economic situation and contributed to: (i) loss of life and displacement of populations; (ii) the destruction of social and economic infrastructures; and (iii) the deterioration of socio-economic indicators. The PARE aims to support the implementation of the reforms contained in the Framework Document for Economic and Social Policy (DCPES) and thus contribute to the Government's efforts to improve the governance and efficiency of the State, to revive the economy of the CAR and lay the foundation for sustained economic growth. It should also support the anti-poverty strategy. The program is structured around two components: (i) improving and strengthening public financial management and; ii) strengthening good governance.

Project Objectives

The PARE aims to support the Government's efforts in implementing the measures contained in the Development Policy Letter and more particularly in the implementation of reforms aimed at increasing the efficiency of poverty alleviation expenditures, support for improving the business climate and developing the private sector and strengthening good governance.

Beneficiaries

The programme should benefit the entire Central African population.

Participating Organization

Funding
African Development Fund
Implementing
Comité Technique Permanent de Suivi des Programmes d’Ajustement Structurel (CTP-PAS) logé à la Primature

Information

IATI identifier 46002-P-CF-K00-004
Last Update 04 Dec 2020

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Geographic Location

Country Central African Republic