African Development Bank approves 2017-2021 Central Africa Republic Country Strategy Paper
08-12-2017 05:25:00 | by: Bob Koigi | hits: 4298 | Tags:

The Board of Directors of the African Development Bank has approved the new Country Strategy Paper (CSP) for the Central African Republic , which will serve as a reference framework for Bank interventions between 2017 and 2021 and support the country's National Recovery and Peacebuilding Plan .

The approval of the CSP 2017-2021, unanimously approved by the Board, is also intended to provide the Bank Group's contribution to the Central African Republic in its efforts to break the vicious circle of poverty and fragility and to reaffirm its commitment. for sustainable and inclusive economic growth.

"Despite the difficult context of persistent harmful actions by armed groups, significant progress has been made. This is expected to lead to economic growth of 4-5%. It is therefore normal that the African Development Bank, through the adoption of this CSP, supports this positive dynamic, "said Ousmane Doré, Director General of the African Development Bank for the Central Africa region.

Speaking at the Council's review of the CSP, Ousmane Doré emphasized that the Central African Republic, which is now at a crossroads, needs the support of the international community, particularly the Bank. to improve the macroeconomic framework, rehabilitate basic socio-economic infrastructures and create a peaceful political climate in the country.

The Bank's 2017-2021 strategy for the Central African Republic is based on two complementary axes: support for the development of agriculture and infrastructures supporting social inclusion on the one hand; and institutional capacity building and governance.

The DSP thus favors areas in which the Bank has a comparative advantage and which can therefore have the maximum impact on the living conditions of the population.

The interventions proposed in the context of the CSP are fully consistent with the Bank's five main priorities, called High 5 .