29
Oct
Central African Republic: World Bank is roughly satisfied with the economic prospects
On the occasion of the release of the new edition of the Economic Update, on 24 January 2020, the World Bank’s Resident Representative in the CAR, said that the CAR’s economic outlook is roughly satisfactory and expects growth of 4.8% in the medium term, due to the peace agreement of 6 February 2019, and if a sustainable peace is experienced, growth could reach 5% threshold.
However, he argued that there were still some weaknesses in the collection of internal resources.
For tax revenues increase, the World Bank representative recommended, among other things, improving the collection of property taxes, reduction of tax exemptions, and modernization of the tax and customs administration.
