Central African Republic
The Central African Republic is aiming to kick start its battered economy in 2017 and has agreed on a budget of 237 billion CFA francs which is equivalent to $379 milion USD.
CAR’s National Assembly has also adopted a finance bill which provides important investments in the country.
Eleven percent of the budget has been allocated to the ministry of defense making a total of $27 billion CFA francs (approximately $43 million USD ) which will be used to pay the salaries of the security forces.
The Union for the renewal of the Central African Republic of the former presidential candidate Anicet-Georges Dologuélé however considers the budget allocation for security as being insufficient.
This finance law is the first to have been adopted since the end of the transition eight months ago.
In November, the Central African Republic was at the centre of a donor conference in Brussels which led to the establishment of a five year recovery plan estimated at 3.1 billion dollars.
00:55
Gold prices hit historic $4,000 mark amid global uncertainty
02:02
'We can be proud of this generation': Madagascar's youth continue to protest
Go to video
Central African President Touadéra launches third-term bid
01:22
MINUSCA empowers juvenile inmates in CAR with motorcycle repair training
00:52
Central African Republic's President Touadera confirms third-term bid
01:13
Central African Republic publishes voter lists ahead of December general elections