BANGUI, Central African Republic, 27 June 2023 -/African Media Agency(AMA)/-The World Bank issued today a new edition of the Economic Update report for the CAR. The report, titled Central African Republic Economic Update: Reforming Fossil fuel subsidies. While fuel subsidies aim to protect consumers’ purchasing power, the analysis shows that it benefits mostly the richest segments of the population, especially groups living in urban areas. Cost of freezing fuel prices in CEMAC and peer Sub-Saharan African countries (in percent of GDP), 2022. Distributed by African Media Agency (AMA) on behalf of The World BankThe post Key Highlights on the Central African Republic Economic Update: Focus on Fuel Subsidies appeared first on African Media Agency.

Source: The Guardian June 28, 2023 00:00 UTC