• CAR plans to raise up to CFA17.5bn ($31.9m) in Q3 on the BEAC securities market
• CFA15bn already secured in July, nearly reaching the quarterly ceiling
• Year-to-date issuance stands at CFA81bn, close to the CFA95bn annual target

The Central African Republic (CAR) plans to raise up to CFA17.5 billion ($31.9 million) on the public securities market of the Bank of Central African States (BEAC) during the third quarter of 2025. The target is modest compared to earlier quarters but is already nearly reached.

According to the Ministry of Finance and Budget, CFA15 billion was raised in July through Treasury bonds (OTA). This amount is almost equal to the ceiling set for the whole quarter. Another issuance may take place in September, although no official announcement has been made.

The Q3 target is far below the second quarter, when the goal was first set between CFA70 billion and CFA90 billion, then raised to CFA93.5 billion–CFA113.5 billion. The government eventually secured CFA65 billion, mainly through OTA. That was a sharp increase from the CFA1.1 billion raised in the first quarter.

By the end of July, CAR had already raised more than CFA81 billion on the BEAC securities market in 2025, moving close to the CFA95 billion full-year target set in January.

A more cautious year than 2024

In 2024, the Treasury had aimed higher, securing CFA152.6 billion. But tougher market conditions, rising interest rates on Treasury bills (BTA) and weak bids from primary dealers on OTA, kept the final result below expectations.

Funds raised by the Treasury will finance development projects meant to support economic recovery and improve living conditions, as the country continues to emerge from long-running security and socio-economic crises.