Central African Republic - Grant to assist in the financing of the Second Phase of the Economic Reform Support Program (ERSP-II)


Project Summary

Approval Date 15 Oct 2008
Signature Date 31 Oct 2008
Planned Completion Date 31 Dec 2009
Last Disbursement Planned Date 31 Dec 2009
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Environmental Category 3
Commitment U.A 6,500,000
Status Completion

Project General Description

The present intervention on the second phase of the Economic Reform Support Programme (PARE-II) is a balance of payments support to the Central African Republic (CAR). It's an extension of PARE I and proposes to reinforce his achievements. PARE II aims to contribute to the achievement of the objectives of the CAR's Poverty Reduction Strategy Paper (PRSP) in terms of growth and poverty reduction. In addition, the reforms supported by PARE II will contribute to consolidate growth, mitigate inflationary pressures, improve the mobilization of the State's own resources, and strengthen the deleveraging of CAR. In addition, the program is expected to help the country cope with the effects of the global food crisis. It has two components, namely: (i) contribute to the improvement of public finance management; and (ii) consolidate economic governance in the public sector.

Project Objectives

The purpose of PARE II is to contribute to the achievement of CAR's PRSP objectives in terms of growth and poverty reduction. It specific objective is to support the Government's reform agenda in the areas of strengthening public financial management, and improving economic governance at the public sector level.

Beneficiaries

The program should benefit all Central African populations through its contribution to achieving the PRSP objectives in terms of growth and poverty reduction. The direct beneficiaries of the programme are the sectoral ministries (MEPCI, Ministry of Finance and Budget, Ministry of Mines and Energy, Ministry of Forest and Wildlife, etc.), the Ministry of Rural Development, agricultural producers, the structures responsible good governance and the fight against corruption, and the private sector.

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-KA0-002
Last Update 22 Nov 2020

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Contact Details

Name HOUENINVO Dewanou Toussaint
Email t.houeninvo@afdb.org

Geographic Location

Country Central African Republic