World Bank to raise $127m for Central African Republic

WASHINGTON (AFP) - The World Bank announced Thursday it was mobilizing US$100 million (S$127 million) for the Central African Republic, hours after the country's new interim president took office facing a massive humanitarian crisis.

The Bank said the funds will help restore key government services and provide food, healthcare, and other crucial supplies in the wake of sectarian violence that has displaced more than 25 per cent of the population.

"The people of the Central African Republic are facing one of their most profound tragedies in recent memory, which requires urgent support from the international community," said Makhtar Diop, the Bank's vice president for Africa.

"We are moving quickly to mobilize US$100 million to help reestablish key government services and get people the life-saving supplies they need to survive this ordeal and resume their lives," he said in a statement.

"We pledge to stand shoulder to shoulder with the people of CAR in their time of need, and beyond."