Central African Republic: Poverty Reduction Strategy Paper: First Annual Progress Report

Volume/Issue: Volume 2009 Issue 240
Publication date: August 2009
ISBN: 9781451806748
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Topics covered in this book

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Economics- Macroeconomics , Public Policy - Social Services and Welfare , Demography , ISCR , CR , development partner , financial support , feasibility study , standard of living , international community , Poverty reduction strategy , Global

Summary

This paper discusses key findings of the first annual progress report on the Poverty Reduction Strategy Paper (PRSP) for Central African Republic. The first year of PRSP implementation was characterized by an unfavorable international economic environment, with its repercussions on the national economy. The various external shocks have led to instability in budget resources, a surge in inflation, an aggravated foreign trade deficit, and slowed growth. Despite this unfavorable economic cycle, with the help of its development partners, the government has established an institutional framework for PRSP implementation, monitoring, and assessment.