Central African Republic - Economic and Financial Reform Support Programme


Project Summary

Approval Date 21 Mar 2017
Signature Date 14 Apr 2017
Planned Completion Date 31 Dec 2017
Last Disbursement Planned Date 31 Dec 2017
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Environmental Category 3
Commitment U.A 12,280,000
Status Completion

Project General Description

The Economic and Financial Reform Support Programme (PAREF) is an extension of the Emergency Support Programme for Emerging from the Crisis and Economic Recovery (PUASCRE). PUASCRE has supported the transitional government in restoring the capacities of the financial and social administrations. The PAREF will take the form of a Programmatic Support Operation (PSO) covering the 2016 and 2017 fiscal years. It incorporates more structuring measures to help relaunch the economy and improve public finance management. The Programme will have an impact on the country's economic growth and social situation. The programme will contribute to (i) improving tax collection; (ii) improving transparency and the budget execution rate, especially in the social sectors and; (iii) consolidating economic growth through an improvement of the business climate and governance in productive sectors (agriculture, forestry and mining). The programme will have two components, namely (1) Improvement of tax revenue mobilisation and public expenditure management and (2) Improvement of the business environment and governance in productive sectors. The two components are complementary and help revive economic growth in CAR. Tax revenue mobilisation and improved public finance management will enable government to gradually create the fiscal space to support economic recovery.

Project Objectives

PAREF’s goal is to contribute to the improvement of public financial management and the revival of economic growth. It seeks to consolidate the improvement of public finance management and support the revival of productive sectors.

Beneficiaries

The final beneficiaries of the Program are the same as those of the previous Programme. They are the Central African populations as a whole, i.e. nearly 4.9 million inhabitants, and in particular the vulnerable populations. The programme will directly benefit the Government by helping to close the financing gap.

Participating Organization

Funding
African Development Fund
Funding
Fragile States Facility
Implementing
Ministère des Finances et du Budget

Information

IATI identifier 46002-P-CF-K00-006
Last Update 22 Nov 2020

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Contact Details

Name LUMBILA Kevin Numbi
Email k.lumbila@afdb.org

Geographic Location

Country Central African Republic