Search

The article discusses the World Bank loans in Central African Republic in Africa. The author mentions that International Developmeny Association will provide a grants-in-aid amounting to $7.9 million. He explains that the main purpose of the grant is to provide support to the implementation of the country's Poverty Reduction Strategy Paper. The author also mentions that the grant focuses on strengthening public finance management. He explains that the grant also aims to improve public sector and economic governance.

Reports on the economic assistance provided by government agency for African country. Announcement of Dutch government to support the newly elected government in Burundi; Plan of the French Development Agency to boost private and public sector investment in Cameroon; Aid of four million from France as support for the ongoing recovery process in public finances and good governance in Central African Republic.

The article reports on a looming food crisis in parts of the Central African Republic because of the rebellion in December 2012. According to humanitarian agencies, clashes between government and rebel forces have resulted in the displacement of thousands of people and the disruption of cultivation and trade. An analyst from the United Nations (UN) World Food Programme (WFP) said prices of food are increasing because of the rebellion.

The article reports on the economic condition of Central African Republic. After several years of conflict, the country has returned to economic growth, with a rate of 3.7% in 2006, compared to an annual average of 0.6% from 1998 to 2005. Its economic recovery process is anticipated to continue in 2007 and 2008 with the implementation of macroeconomic and structural reforms.

The article reports that the Executive Board of the International Monetary Fund (IMF) has approved a three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Central African Republic in an amount equivalent to U.S.$54.5 million to support the government's economic program into 2009.

The article reports on the improvement of the distribution system of the United Nations project providing clean water for thousands of flood-affected residents of Bangui, Central African Republic. The scheduled change of distribution system of the project is revealed by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA). OCHA said that the water will be freely available at the existing water kiosks owned and privately run by the national water company Societe de Distribution des Eaux en Centrafrique.

Focuses on the views of Finance Minister Theodore Dabanga that the economy would go through a financial crises due to the fall of treasury revenue in the Central African Republic. Claim of Dabanga that country relies on taxation and custom duties to keep its economy afloat; Importance of the country to correct discrepancies arising from the wage bill and low revenues in order to avail economic assistance from the International Monetary Fund, World Bank, and the African Development Bank; Insights on the support given by the European Union on the regime of President Francois Bozize.

Reports on the Central African Republic's (CAR) urgent need for emergency financial assistance from donor countries. Office for the Coordination of Humanitarian Affairs' launch of a CAR interagency appeal in 2005, asking for 23.3 million dollars in emergency aid; Difficulty of assessing the problems facing the country's inhabitants due to decades of political and economic crises; Deterioration of the humanitarian situation in the country in 2002; Extent of the AIDS problem in the country.

Reports on the results of the International Monetary Fund's review of the economies of Burundi, Central African Republic and Madagascar. Administration and economic program implementation; Gross domestic product; Debt-service payments; Public finances; Level of international assistance.

Reports on the United States administration's issuance on December 30, 2003, of a list of African countries that have met requirements to give them access to trade preferences. Exclusion of the Central African Republic and Eritrea from the list because they were unable to meet eligibility requirements for the African Growth and Opportunity Act; Criteria on which eligibility for trade preferences is based; Inclusion of Angola in the list of eligible countries.

The article reports that the International Monetary Fund (IMF) approved SDR3.467 million, on January 14, in interim assistance under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. It notes that the interim assistance will help the Central African Republic to meet its debt service payments on its existing debt to the Fund in 2008. It mentions that the Executive Board agreed that the Central African Republic qualified for debt relief under the HIPC Initiative on September 28, 2007, and had reached the decision point.

Reports on developments concerning cooperation and trade in Africa, as of January 2004. European Union's decision to end consultations opened in June 2003 with the Central African Republic and partially restore cooperation with the country; Italy's cancellation of Cote d'Ivoire's commercial debt; Nigerian government's declaration of a ban on the importation of about 41 products; Move by the Rwandan government to give importers of leaded petrol two months to clear their storage facilities.