The paper also examines the central issue of private sector participation in climate finance in the region and the natural capital that the region abounds.
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It is this Monday, July 31, 2023 that the regional office of the African Development Bank (AfDB) for Central Africa will launch the economic outlook. The report published today presents the current state of economic and social development in Central Africa and projects the prospects for a comparative analysis both over time and between countries.
It also examines the central issue of private sector participation in climate finance in the region and the natural capital that the region abounds in, as an additional option for bridging the climate finance gap and transitioning to green growth.
Will take part, the governors of the AfDB for the countries of the region (Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic, Democratic Republic of the Congo and Chad) and the regional authorities of the Economic Community of Central African States (Ceacs) and the Economic and Monetary Community of Central Africa (Cemac) among others.
In its Country Strategy Paper (CSP) for the period 2023-2028, for example, the AfDB provides for the construction of infrastructure to promote the opening up of production areas and the installation of agro-industrial companies in order to strengthen existing value chains. and promote climate-smart agriculture.
The CSP also aims to support support mechanisms for the transition to employment, and the strengthening of the quality of employment programs in the priority regions, in particular for young people and women. The document also provides for an increase in rice production (from 0.5 to 1 million tonnes); cattle (from 13 to 15.5 million heads); the processing of livestock into meat (from 52% to 60%); palm nuts in oil (from 9% to 20%). It is also announced an increase in the number of young people and women with employable skills (from 0 to 10,000); and an increase in new small and medium enterprises created by young people and women (from 0 to 500), including in green trades.
