Central African Republic - Emergency Post-Crisis and Economic Recovery Support Programme – Phase 2

The proposed operation concerns an ADF grant of UA 5.00 million and a TSF grant of UA 2.36 million to finance the second phase of the Emergency Post-Crisis and Economic Recovery Support Programme (PUASCRE-2). It involves supplementary financing of the emergency budget support operation that the Bank granted to the Central African Republic in June 2014, to help address the serious humanitarian crisis caused by the March 2013 military coup perpetrated by an armed rebellion that toppled the decade-old regime. This supplementary support is a follow-up to the international community’s joint effort to help the transition authorities mitigate the socio-economic impact of the crisis on the population, foster economic recovery and restore public institutions through peaceful, inclusive general elections. Like the previous support operation, PUASCRE-2 will mainly focus on short-term measures to mitigate the impacts of the crisis. However, some policy measures will be included in the programme to prepare the country for more structuring reforms once it exits the crisis. PUASCRE has two main components: (i) improvement of public finance management and supply of basic social services; and (ii) improvement of conditions for the revival of economic activities. These two complementary components contribute to the programme goal of restoring the normal functioning of government services and creating necessary conditions for economic recovery.