Central African Republic Strategic Development Plan for the 2023-2030 period
The Alliance and the Central African Republic reach Master Framework Country Convention Agreement on the implementation of a Strategic Development Plan for the 2023-2030 period.
Tuesday March 21st, 2023
Zug, Switzerland : A World Sports Alliance Intergovernmental Organization ( “Alliance” ) mission, lead by Founding Secretary General Dr Gilles Klein met with H.E President Faustin-Archange Touadéra in Bangui during the December 4-13, 2022 Central African Republic mission to present and advance socio-economic initiatives and bilateral relations with the country for the 2023-2030 period.
It was the forth meeting between Mr Touadéra and Dr Klein since the Central African Republic joined the Alliance on the 25th day of January 2008 as its 12th Member-State but the first since the International Innovation Agency ( “Agency”) began the restructuring of the Alliance.
The Central African Republic met the fully-fledged membership conditions of the Agency when it became the first country in Africa and the second in the world to adopt Bitcoin as legal tender. The discussions held between President Touadéra and Dr Klein for a Strategic Development Plan for the 2023-2030 period included the role of the Agency for the development of a National Center of Excellence and the concept of a financial and innovation hub in Bangui consistent with the presidential projects aimed at attracting foreign and domestic capital flow.
The Alliance and the Central African Republic Government agreed on key elements for the implementation by members of the Nektar International Business Consortium ( “Nektar IBC” ) of a portfolio of projects ( “SDG Ventures” ) with wide responsibilities in financial technologies. It was also agreed that some SDG Ventures could be developed in the Central African Republic, some across African and other Member-States of the Alliance and others at the international level.
The Agency and the private sector will play an important role in the initiatives. The resources of the Agency and members of the Nektar IBC will be made available, providing the Central African Republic with the opportunity to adapt to rapid technology changes in order to compete in the new global economy.
Mr. Klein met the press at the conclusion of the discussions and made the following statement:
Each SDG Venture will be financed by members of the Nektar IBC and the Agency’s International Innovation Fund (“IIF”) and will be integrated into the Alliance Strategic Development Plan for the Central African Republic. Once launched, a portion of the revenues generated from each SDG Venture will be dedicated to the National General Fund in support of the Alliance Initiative in the Central African Republic and, an other part will be allocated to the Alliance National Reserve Fund that will be used by the Central African Republic to meet their budget needs for youth in education and sports.
The Central African Republic has committed to accelerate the registration and issuance of licenses, permits and regulatory status for each SDG Ventures. In addition, it was agreed that the Strategic Development Plan of the Central African Republic and the list of selected SDG Ventures would be announced to the public and other Ministers of the Alliance during the International Innovation Conference (“IIC”) held in Dubai in November 2023 in conjunction with the Alliance General Assembly (“GA”)
The Alliance and the Agency look forward to continuing close cooperation with the Central African Republic and their 33 other Member-States in the months ahead that will lead to the International Innovation Conference and the General Assembly.