Central African Republic - Third Economic Reform Support Programme (ERSP III)

The present intervention on the third phase of the Economic Reform Support Program (PARE-III) is part of a support to states considered "on track" towards stability and economic recovery. It seeks to support the State budget and thereby enable the Government to implement PRSP II. This programme is supported by the institutional support project (PARCGEF) which seeks to build the technical capacity of structures responsible for ERSP III reform implementation. In addition, the programme should help to improve the business environment that will boost other operations being reviewed by the Bank in the mining and water distribution sectors. Finally, the programme should consolidate the achievements of the Project for Community Development and Support to Vulnerable Groups (PDCAGV), especially in terms of community access to basic social services. PARE-III has two components, namely: (i) the strengthening of public finance management (PFM), and (ii) improvement of the business environment and productive sector governance.