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Quarterly Thematic Review Central Africa- Structural Transformation in Central Africa - Issue N°2 - August 2013
This edition of the quarterly Thematic Review of the Regional Department (ORCE) deals with the problem of structural transformation in Central Africa. For the purposes of this paper, Central Africa means the seven countries in the region covered by ORCE, namely: Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic (CAR), Chad and the Democratic Republic of Congo (DRC). This Thematic Review is based on notes prepared for the above seven countries in drawing up the report on the African Economic Outlook (AEO) 2013.
This Thematic Review seeks to present the structural transformation experiences of Central African countries over the past two decades and to identify the challenges and reforms required for the region to speed up the transformation of its economies. In fact, Central Africa, despite its relatively strong economic growth, continues to face the challenges of substantially reducing poverty and improving the socio-economic conditions of its people. To meet these challenges in the region, it is imperative to accelerate structural changes that are crucial not only to growth, but also to further diversification of the economies through new and more productive activities. It is thus expedient to understand how the region can utilize its abundant natural resources to face up to this major challenge.