Representatives of 11 European governments and the United States announced on September 15 to forgive USD 55.6 million of a total of USD 59.3 million owed by the Central African Republic to these countries from loans given since 1983. The cancelation marks an important step towards improving the CAR government’s standing among creditor countries and investors, and follows shortly after it reached its completion point under the ‘enhanced initiative for Heavily Indebted Poor Countries’ (HIPC) in June 2009. Continue Reading »

The Central African Republic (CAR) successfully held its first Development Partner Round Table in Brussels on Friday, gathering much needed donor support for the impoverished nation. Donors pledged to spend USD 600 million over the next three years to finance crucial humanitarian and development projects. Continue Reading »

On 26 June 2007, 14 countries and 18 international and international financial organizations met for a first consultation of development partners on the situation in the Central African Republic. This meeting will be followed by a wider donor round table in October 2007.

During the consultation, the CAR Government presented its reconstruction strategy for the landlocked, conflict- and debt-burdened country. Government representatives also illustrated the current situation in a number of sectors, such as economy and finance, security sector reform, infrastructure, gender, education, health, rural development.

All documents and presentations for the conference can be accessed at www.car-conference.net. For the government’s reconstruction strategy see the presentation by Sylvain Maliko, Minister of Economics, Plan and International Cooperation, below.