| 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 | 15124 |
| Commitment | U.A 16,000,000 |
| Status | Cancelled |
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.
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.
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.
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Funding
Fragile States Facility
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Implementing
Ministère des Finances, des Mines, de l'Energie et de l'Hydraulique Direction Générale de l'Hydraulique
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| IATI identifier | 46002-P-CF-KA0-003 |
| Last Update | 04 Dec 2021 |
| Name | EKPO Alain Fabrice |
| a.ekpo@afdb.org |
| Country | Central African Republic |