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CAR to kick start battered economy in 2017

CAR to kick start battered economy in 2017

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.

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