Updated: Dec 29, 2020
Faustin-Archange Touadéra was sworn in as the president of Central Africa Republic on the 30th of March 2016. He has now been in office for four years and announced his intentions to run for a second term in office. With elections in Central Africa Republic (CAR) due to start on the 27th of December 2020.
Faustin-Archange Touadéra four years in office has seen:
A peace deal signed which is still being implemented,
Increase in inflation rates, which means an increase in prices and wages;
Decrease in debt from 69.2% of the country's GDP in 2014 to 48.5% in 2018;
GDP per capita also increased between 2016 and 2019. GDP per capita is the economic output per person in term of their production. It is also a measure of the country's wealth and prosperity. In 2012 Central Africa Republic had a GDP per Capita of $565.801 per person as shown by the World Bank's graph below. By 2016 the GDP per Capital had dropped to $402.191 but it should be noted that this was an improvement to the previous year which was $377.433. This means that by the time Faustin-Archange Touadéra took office as president, the GDP per Capital was already on an upward trend. By 2019 the GDP per Capita had risen to $467.907 but was on a downward trend as shown in the graph below.
The Central Africa Republic still has issues with poverty and security but it does seem that things are improving since Faustin-Archange Touadéra became president. The change CAR need is not one that will happen overnight. It will take time and it might even take three or more presidents to get the CAR economy to where it needs to be.