The CAR Donor conference was organized by the EU in Brussels in close collaboration with the UN and The Bank, and was attended by 75 delegations.
The conference resulted in a $2.2 billion, including $2 billion for reconstruction and $0.2 billion for humanitarian assistance. This well over the $1.6 billion costed over the next three years to finance the Recovery and Peace Building Assessment (RPBA) conducted by my team of fragility, conflict and violence experts directly supervised by me. The bulk of the financing will come from Internal Financial Institutions (IFIs) such as the WB, AfDB, Arab funds, IMF and the EU, both the EDF and European countries. The Bank pledged $500 million.
The Bank's FCV Hub in Nairobi is on the move. We have already set up a secretariat at the Ministry of Finance and Economy with an adviser to help the Minister with coordination and implementation.
Emerging from violent conflict, CAR has made impressive progress over the last three years. The peaceful and successful elections completed the political transition in CAR and restored constitutional order. The people of CAR now have a historic window of opportunity to lead their country towards stability, recovery and development. They now have a unique possibility to break free from a cycle of fragility and crises and to contribute to the stabilization of the region.
As an African and a Liberian in particular, I'm very proud to be a part of this and of my contribution to CAR's turnaround process out of deep fragility that I hope would benefit its people, who have suffered for too long.
About the Author: Amara Konneh currently manages the World Bank Group on Global Fragility, Conflict, Violence and Forced Displacement, with offices at Delta Centre, 14th floor, Menengai Road, Upper Hill, Nairobi, Kenya.