Central African Republic: World Bank Group Launches New Country Partnership Framework, and Provides Immediate Support to Economic Recovery

press release

Washington — Today, the World Bank Group Board of Executive Directors discussed a new five-year Country Partnership Framework to support the Central African Republic for FY21-FY25. A $50-million grant from the International Development Association (IDA)* was also approved for a Development Policy Operation to help the government implement structural reforms to strengthen social inclusion and fiscal management.

The new Country Partnership Framework aims to boost stabilization, inclusion and resilience, while building state legitimacy and fostering growth. During the five-year period, the WBG will invest in human capital, connectivity, economic management and governance. Women's empowerment and digital development will be cross-cutting priorities. In addition, the strategy provides an exceptional Turn-Around Allocation for the Central African Republic (CAR) with an envelope of up to $355 million for the coming three years provided that the country continues on its path to stabilization and peace.

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