March 14

Press Release: Central African Republic Can Lift Millions Out of Poverty by Revitalizing its Agricultural Sector: World Bank Report

The Central African Republic can lift millions of people out of poverty by transforming its vital agriculture sector as a key driver of economic growth, says the World Bank in its latest Economic Update report on the country.

About 75% of Central Africans, particularly women, depend on agriculture for their livelihood, mostly informal jobs. However, the sector has been hampered in recent years by lack of investment and modernization, as well as poor infrastructure, says the report, titled Weathering Growing Risks: Addressing Macro-Fiscal Challenges and Unlocking the Potential of the Agriculture Sector.

Photo courtesy of C.Schubert.

Source: The World Bank (link opens in a new window)

employment, financial inclusion, infrastructure, poverty alleviation