Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth

The Central African Republic (CAR) is at a critical crossroads. Despite its significant natural resource wealth, CAR remains one of the poorest and most fragile countries in the world. Cycles of political instability and a heavy reliance on natural...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English
Published:	Washington, DC: World Bank 2022
Subjects:	COUNTRY ECONOMIC MEMORENDUM POLITICAL INSTABILITY ARMED CONFLICT ECONOMIC SYSTEM REFORM
Online Access:	http://documents.worldbank.org/curated/en/099950105022238641/P17499601c00dd03208b990cb1b523b9018 http://hdl.handle.net/10986/37419

id	okr-10986-37419
recordtype	oai_dc
spelling	okr-10986-374192022-07-28T16:06:54Z Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth World Bank COUNTRY ECONOMIC MEMORENDUM POLITICAL INSTABILITY ARMED CONFLICT ECONOMIC SYSTEM REFORM The Central African Republic (CAR) is at a critical crossroads. Despite its significant natural resource wealth, CAR remains one of the poorest and most fragile countries in the world. Cycles of political instability and a heavy reliance on natural resources have left the economy poorly diversified and with a small private sector. Almost a decade after the 2013 civil war, the country remains caught in a fragility trap, facing episodes of renewed insecurity and a substantial state-citizen divide. Supported by the 2015 peaceful transition of power, the authorities implemented several reform programs that helped to restore macroeconomic stability and steered the economy onto a relatively sustainable path to recovery over 2015–19. This chapter presents a core economic analysis of CAR—which is characterized by fragility, conflict, and violence (FCV)—and examines the mutually reinforcing relationship between fragility, inequality, and lack of inclusion. It also discusses lessons learned from previous episodes of political instability and ways to improve social cohesion. Finally, the chapter provides some insights into why reforms in the country have not produced sustained economic growth, and it presents some potential key pathways out of fragility and the related implications for structural reforms. 2022-05-13T15:58:04Z 2022-05-13T15:58:04Z 2022-05-01 Report http://documents.worldbank.org/curated/en/099950105022238641/P17499601c00dd03208b990cb1b523b9018 http://hdl.handle.net/10986/37419 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research Africa Africa Western and Central (AFW) Central African Republic
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	COUNTRY ECONOMIC MEMORENDUM POLITICAL INSTABILITY ARMED CONFLICT ECONOMIC SYSTEM REFORM
spellingShingle	COUNTRY ECONOMIC MEMORENDUM POLITICAL INSTABILITY ARMED CONFLICT ECONOMIC SYSTEM REFORM World Bank Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth
geographic_facet	Africa Africa Western and Central (AFW) Central African Republic
description	The Central African Republic (CAR) is at a critical crossroads. Despite its significant natural resource wealth, CAR remains one of the poorest and most fragile countries in the world. Cycles of political instability and a heavy reliance on natural resources have left the economy poorly diversified and with a small private sector. Almost a decade after the 2013 civil war, the country remains caught in a fragility trap, facing episodes of renewed insecurity and a substantial state-citizen divide. Supported by the 2015 peaceful transition of power, the authorities implemented several reform programs that helped to restore macroeconomic stability and steered the economy onto a relatively sustainable path to recovery over 2015–19. This chapter presents a core economic analysis of CAR—which is characterized by fragility, conflict, and violence (FCV)—and examines the mutually reinforcing relationship between fragility, inequality, and lack of inclusion. It also discusses lessons learned from previous episodes of political instability and ways to improve social cohesion. Finally, the chapter provides some insights into why reforms in the country have not produced sustained economic growth, and it presents some potential key pathways out of fragility and the related implications for structural reforms.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth
title_short	Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth
title_full	Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth
title_fullStr	Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth
title_full_unstemmed	Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth
title_sort	central african republic : country economic memorandum - from fragility to accelerated and inclusive growth
publisher	Washington, DC: World Bank
publishDate	2022
url	http://documents.worldbank.org/curated/en/099950105022238641/P17499601c00dd03208b990cb1b523b9018 http://hdl.handle.net/10986/37419
_version_	1764487138412331008

Central African Republic : Country Economic Memorandum - From Fragility to Accelerated and Inclusive Growth

Similar Items