Central African Republic - Structural Adjustment Program Project
Scandizzo, Pasquale L. | AGR
The Credits, under the project, would support the Government's comprehensive adjustment program for addressing the key macro-economic and sectoral issues facing the CAR over the medium term. The objective of the program is to help the Government achieve its medium-term goal of a self-sustained 4 percent annual real GDP growth rate. To meet this goal, several strategies have been identified. They include: a) an agricultural-led growth strategy; b) the retrenchment of the public sector and its reorientation to activities for which it is best suited; c) the mobilization of public and private resources; and d) a financial strategy designed to mobilize resources. To accomplish these strategies, the SAL has outlined action programs for: macro-economic management; agriculture; forestry; small- and medium-scale enterprises; mining; public administration, and parapublic enterprises to be implemented over the next sixteen months. The foreign exchange provided under the Credits is to be used to finance essential imports.
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