Browsing: CAR armed groups

• Central African Republic (CAR) may see growth projected at 3.6 percent in 2024 and 2025.
• The positive outlook is driven by anticipated higher international prices of timber, CAR’s main export.
• The World Bank says fuel shortages took a heavy toll on CAR leading to high levels of acute food insecurity.

The Central African Republic (CAR) is set to witness a return to economic growth this year after stalling in 2022, with the World Bank projecting 3.6 percent in 2024 and 2025. The latest edition of the World Bank’s CAR Economic Update indicates that heavy flooding and severe fuel shortages took a heavy toll on the country’s economy leading to high levels of acute food insecurity.

Economic activity in CAR may see a modest rebound over the medium term, with growth projected at 3.6 percent in 2024 and 2025. This is, however, provided that fuel supply in the domestic market improves …