Rising prices affect WB projects in Central African Republic
How is a landlocked and post-conflict country supposed to deal with the high cost of living and mounting fuel prices? This is the painful question being asked by many economic operators, development partners and policy-makers in the Central African Republic (CAR), where implementation of World Bank projects is being seriously compromised by the current situation.
The face of Bangui, capital of the Central African Republic, bears witness to the difficult situation experienced by the country. The landlocked city is saddled with the triple handicap of high prices for basic commodities, attendant runaway inflation, and armed conflict. Unfinished construction projects, poorly maintained roads, ageing automobiles and wrecked houses all underscore the harsh fact that some countries are more gravely affected than others by rising oil prices.