Country profile Central African Republic 2016

Abstract

The resumption of economic activity in the Central African Republic began in 2014 and continued in 2015. According to Bank of Central African States data, the real GDP growth rate was 4.9 per cent in 2015, an increase of 0.7 per cent compared to 2014. This good performance was boosted by the relative calm in the security situation in particular. The social situation remains precarious owing to the successive sociopolitical crises that the Central African Republic has experienced over the past two decades, the most recent of which plunged the country into civil war between 2012 and 2013. This is the reason for the severe deterioration of social indicators from the final evaluation report on the Millennium Development Goals. The newly elected authorities must make every effort to rebuild the economy and restore social cohesion. They must also address one of the country’s main challenges, namely the reconstruction of socio economic infrastructure through, inter alia, development corridors intended to transform the country.