The Central African Republic has blossomed forth in economic development and is generally attractive to international investors. President of the Modern Diplomacy Development Foundation Amram Petrosian has told to RuNews24 following a meeting with Ambassador Extraordinary and Plenipotentiary of the Central African Republic Leon Dodonou Pounagaza.
“Despite the fact that some Western countries try to exert downward pressure on the development of the Central African Republic, however the country is developing progressively, dynamically and consistently towards creating a fully functioning economic system. We believe that the Central African Republic has great potential; at the same time, we should not forget that for the full-fledged work of foreign investors in the CAR, there are certain risks that must be mitigated in close cooperation with government authorities, said Amram Petrosian.
Socially beneficial foreign investments will bring the CAR out of the crisis, and this should be not just support for business activity in the region, but also an incentive to address social and humanitarian issues.
“From my experience of communicating with foreign partners, with SHERE ONE PROJECT MANAGEMENT SERVIESEST expert council I understand that they are ready to invest in the economy of the CAR.
And offers to take part in socially oriented projects is a very interesting option for them to develop and consolidate their positions. After all, this is also a long-term investment, which will be some kind of insurance in case of political destabilization, "Amram Petrosian believes.
In this project the factor of interest of foreign players should be taken into account. For example, in Europe all the competitive spaces of the continent are oversaturated. In this regard, the CAR, despite various negative aspects through certain risks and challenges, is an “undeveloped” territory for investors. And in this sense, the "development" of African investment space is a lifeline for many entrepreneurs from Europe, the USA and Asia.
“For us, the long-term consolidation of foreign capital, technology and management is important; this will at least make our country attractive to investors in the longer term. In the Central African Republic, there is a need for developing investment projects. For international investors, this is a serious opportunity to develop new areas and scope of activities", - said Leon Dodonou Pounagaza.
Within the framework of the meeting, the parties also agreed to hold regular consultations with the aim of exchanging views and coordinating joint activities on the intensification of economic development and the implementation of humanitarian projects in the CAR.