Economic Management and Governance Reform Grant

closed

The Economic Management and Governance Reform Grant (EMGRG) support the implementation of the Central African Republic (CAR's) Poverty Reduction Strategy Paper. This grant focuses on two main policy areas: (i) strengthening public finance management; and (ii) improving public sector and economic governance. This operation directly supports two pillars of the PRSP: (i) promoting good governance and the rule of law (second pillar); and (ii) rebuilding and diversifying the economy (third pillar). In addition, it will assist the Government in attaining some of the Highly Indebted Poor Countries (HIPC) completion point triggers and will provide much needed external resources to ensure timely payment of public sector salaries and external debt service.