The Central African Republic's Infrastructure : A Continental Perspective
Between 2000 and 2005 infrastructure made a modest net contribution of less than one percentage point to the improved per capita growth performance of the Central African Republic (CAR), despite high expenses in the road sector. Raising the country...
Main Authors: | , |
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Format: | Report |
Language: | English English |
Published: |
World Bank, Washington, DC
2017
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Subjects: | |
Online Access: | http://hdl.handle.net/10986/27262 |
Summary: | Between 2000 and 2005 infrastructure
made a modest net contribution of less than one percentage
point to the improved per capita growth performance of the
Central African Republic (CAR), despite high expenses in the
road sector. Raising the country's infrastructure
endowment to that of the region's middle-income
countries could boost annual growth by about 3.5 percentage
points. Assuming that the inefficiencies are fully captured,
comparing spending needs against existing spending and
potential efficiency gains leaves an annual funding gap of
$183 million per year. By far the largest gap exists in
transport. The CAR has the potential to close this gap by
raising additional public funding for infrastructure from
increased fiscal receipts of various kinds. Furthermore, the
CAR has not captured as much private finance for
infrastructure (measured as a percentage of Gross Domestic
Product, or GDP) as many of its neighbors. This scope for
improvement, coupled with the prospect of an economic
rebound and prudent policies, could lift the country from it
fragile state back to and beyond the prosperity standards it
once enjoyed. |
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