Central African Republic - Third Economic Reform Support Programme (ERSP III)


Project Summary

Approval Date 18 Jul 2012
Signature Date 07 Aug 2012
Planned Completion Date 30 Jun 2014
Last Disbursement Planned Date 30 Jun 2014
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 16,000,000
Status Cancelled

Project General Description

The present intervention on the third phase of the Economic Reform Support Program (PARE-III) is part of a support to states considered "on track" towards stability and economic recovery. It seeks to support the State budget and thereby enable the Government to implement PRSP II. This programme is supported by the institutional support project (PARCGEF) which seeks to build the technical capacity of structures responsible for ERSP III reform implementation. In addition, the programme should help to improve the business environment that will boost other operations being reviewed by the Bank in the mining and water distribution sectors. Finally, the programme should consolidate the achievements of the Project for Community Development and Support to Vulnerable Groups (PDCAGV), especially in terms of community access to basic social services. PARE-III has two components, namely: (i) the strengthening of public finance management (PFM), and (ii) improvement of the business environment and productive sector governance.

Project Objectives

The overall goal of ERSP III is to strengthen economic and financial governance as well as improve the business environment, and thereby help to create conditions conducive to rapid job-creating growth that is driven by the private sector. The specific objectives of the programme are to: (i) strengthen public finance management; and (ii) improve the business environment and productive sector governance.

Beneficiaries

The ultimate programme beneficiary is the CAR population as a whole. The people should benefit from improved living standards resulting from the implementation of poverty reduction policies, improved access to basic social services and infrastructure, and economic recovery which will generate employment and incomes. The intermediate beneficiaries are: Government services, which should use the new procedures and new regulatory frameworks to perform their duties. National and foreign private economic operators also stand to gain in that they should operate in a business environment that is improved by the existence of more consistent and streamlined legislation compliant with international standards.

Participating Organization

Funding
Fragile States Facility
Implementing
Ministäre des Finances, des Mines, de l'Energie et de l'Hydraulique Direction GÇnÇrale de l'Hydraulique

Information

IATI identifier 46002-P-CF-KA0-003
Last Update 31 Oct 2019

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Contact Details

Name EKPO Alain Fabrice
Email a.ekpo@afdb.org

Geographic Location

Country Central African Republic