• Central African Republic seeks $12B for 2024-2028 development plan
• 58 projects target agriculture, mining, energy, transport, and health
• Goal: 4.2% annual growth, poverty reduction, expanded electricity access

The Central African Republic is seeking to mobilize $12 billion to finance its national development plan for 2024-2028. The government is hoping to secure the funding from international investors attending a roundtable on the plan, which began on Sunday, September 14, 2025, in Morocco.

For two days, private investors and international financial institutions, including the World Bank, the African Development Bank (AfDB), the International Finance Corporation (IFC), and the Arab Bank for Economic Development in Africa, are meeting with President Faustin Archange Touadéra at the summit. The goal is to redefine the country's economic trajectory.

The 2024-2028 National Development Plan includes 58 projects across various sectors, with an estimated total cost of $12.8 billion by 2028. The government has announced that it has already secured a quarter of the necessary funding.

The first day's agenda featured a series of presentations and thematic roundtables on the plan's vision, roadmap, and priority investment projects. Discussions covered key sectors such as agriculture, mining, energy, transport infrastructure, telecommunications, education, health, and the environment.

The plan prioritizes modernizing agriculture, which accounts for over 50% of the CAR's GDP and employs about 80% of its rural population. It also focuses on developing the mining sector, as the country holds more than 519 mineral indices. A strong emphasis is also placed on improving access to energy and road infrastructure, which are essential for connecting production zones to markets.

According to Richard Filakota, the Minister of Economy, Planning, and International Cooperation, the plan will serve as a framework for the design and implementation of public policies. The government is counting on significant involvement from the international community, donors, and the private sector to realize these ambitions.

The plan aims to achieve an average annual real GDP growth of 4.2% between 2024 and 2028, reduce poverty from 68.8% to 62% by 2028, and increase the population's access to electricity from 17% to 40% by 2028.

The government noted that a previous recovery plan in 2021 mobilized about $2.2 billion, but current needs are far greater. The Casablanca roundtable is intended to secure large-scale funding and strengthen investor confidence in a country facing significant governance and infrastructure challenges.

Chamberline Moko