State Consolidation Development Program 2 (WB-P164442)

Countries
  • Central African Republic
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 12, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
CENTRAL AFRICAN REPUBLIC
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 18, 2018

Disclosed by Bank Mar 2, 2018


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Project Description

The objective for the Second State Consolidation Program Project for Central African Republic is to support the reestablishment of basic fiscal management and transparency, as well as economic recovery. The operation is structured around two pillars. (1) Reestablishing basic fiscal management and transparency pillar will increase fiscal revenue, improve wage-bill management, and improve budget control and transparency. (2) Supporting economic recovery will support a pro-poor, post-transition reform agenda that reinvigorates drivers of economic growth in critical sectors, including transportation, agriculture, and telecommunications/ICT. Since these programmatic reforms represent both upstream and downstream interventions, the successful implementation of this ambitious program will require time, assistance, and flexibility. The two pillars have a positive influence on each other as improved fiscal management and transparency will lead to improved spending with a positive impact on critical areas such as agriculture, transportation and ICT. Conversely, economic recovery is expected to have a positive impact on revenues which will contribute to improve basic fiscal management.

Investment Description
  • World Bank (WB)
Contact Information

No contact information provided at the time of disclosure. 

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