All these extremely fragile and underdeveloped economies have either recently been through a civil war or are suffering from ongoing sectarian or ethnic conflicts. 

Author: Jonathan Gregson
Project Coordinator: Edith Updike

1. Central African Republic (CAR)

Current International Dollars:  656 | Click To View GDP & Economic Data

For the first time since its independence from France in 1960, the CAR has a democratically elected President, former maths professor and prime minister Faustin-Archange Touadera.  The successful presidential election is seen as an important step towards national reconstruction and the lifting of the ban on diamond exports. Taken together with the activation of forest concessions and a revival of both agricultural and mining sectors, these changes are expected to boost real GDP growth. For the moment, however, the CAR retains its place as the poorest country in the world, with three-quarters of its population estimated by the World Bank to live in extreme poverty. Continued peacekeeping efforts led by the UN aim to encourage the return of the estimated 1.2 million people uprooted in 2013 through sectarian violence whilst keeping open and secure the corridor for trade.  The World Bank recently approved an ambitious US$250 million program to help rebuild the country.
 


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