Publication:
Central African Republic Economic Update, November 2019: Strengthening Domestic Revenue Mobilization to Sustain Growth in a Fragile State

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2019-12-05T21:51:26Z
dc.date.available2019-12-05T21:51:26Z
dc.date.issued2019-11
dc.description.abstractThe Central African Republic (CAR) economy continues on a downward path. With an average GDP growth per capita of -0.8 percent, CAR has not experienced an episode of sustained growth since its independence. Economic growth in CAR slowed to 3.7 percent in 2018 as renewed insecurity inhibited economic activity, disrupted agricultural, forestry, and mining production, and delayed investment projects. Inflation declined to 1.6 percent in 2018 and should reach the CEMAC convergence criterion in the medium term as manufacturing and food prices dropped. The debt-to-GDP ratio continues to decrease and should reach 49 percent in 2018, with an overall balance including grants of 0.4 percent of GDP. However, government revenue remains below its pre-crisis level. The current account deteriorated slightly at 7.8 percent of GDP in 2018 as imports continue to soar. CAR’s external position should improve in the medium-term. CAR’s economic prospect is positive with the signing of the Political Agreement for Peace and Reconciliation in the Central African Republic in February 2019 and projected to grow at 4.8 percent in the medium-term. The primary risk for CAR is the possible escalation of violence that will undermine the government’s ability toprovide basic services. This is the second edition in a series of Central African Republic Economic Updates. The series will analyze evolving economic trends in CAR on an annual basis to assist the government and its development partners to identify emerging opportunities and address persistent challenges. The editions are prepared for the World Bank Spring Meetings in April. Each edition presents an overview of CAR’s evolving macroeconomic position, followed by a detailed exploration of a specific topic. The objectives of the series are to strengthen the analytical underpinnings of development policy in CAR and contribute to an informed debate on policy options to enhance macroeconomic management and accelerate progress on the twin goals of eliminating extreme poverty and promoting shared prosperity in a context of state fragility.en
dc.identifierhttp://documents.worldbank.org/curated/en/380841574268248141/Central-African-Republic-Economic-Update-Strengthening-Domestic-Revenue-Mobilization-to-Sustain-Growth-in-a-Fragile-State
dc.identifier.doi10.1596/32793
dc.identifier.urihttps://hdl.handle.net/10986/32793
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectTAX REVENUE
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectFRAGILITY
dc.subjectMONETARY POLICY
dc.subjectFISCAL TRENDS
dc.subjectEXTERNAL SECTOR
dc.subjectTRADE
dc.subjectREVENUE MOBILIZATION
dc.subjectTAXATION
dc.titleCentral African Republic Economic Update, November 2019en
dc.title.subtitleStrengthening Domestic Revenue Mobilization to Sustain Growth in a Fragile Stateen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleCentral African Republic Economic Update, November 2019
okr.date.disclosure2019-11-20
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/380841574268248141/Central-African-Republic-Economic-Update-Strengthening-Domestic-Revenue-Mobilization-to-Sustain-Growth-in-a-Fragile-State
okr.guid604601574327890279
okr.guid380841574268248141
okr.identifier.doi10.1596/32793
okr.identifier.externaldocumentum090224b087330c4e_2_0
okr.identifier.internaldocumentum31140657
okr.identifier.report137621
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/380841574268248141/pdf/Central-African-Republic-Economic-Update-Strengthening-Domestic-Revenue-Mobilization-to-Sustain-Growth-in-a-Fragile-State.pdfen
okr.region.administrativeAfrica
okr.region.countryCentral African Republic
okr.topicPublic Sector Development::Public Sector Economics
okr.topicLaw and Development::Tax Law
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.unitEFI-AFR2-MTI-MacroFiscal-2 (EA2M2)
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