{"id":474847,"date":"2022-01-04T13:14:09","date_gmt":"2022-01-04T13:14:09","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474847"},"modified":"2022-01-04T13:14:09","modified_gmt":"2022-01-04T13:14:09","slug":"central-african-republic-differences-around-the-increase-in-the-minimum-wage","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2022\/01\/04\/central-african-republic-differences-around-the-increase-in-the-minimum-wage\/","title":{"rendered":"Central African Republic: differences around the increase in the minimum wage"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Central Africans will be slightly better paid from the start of this year, following the government&#8217;s decision to revalue the guaranteed minimum interprofessional wage on (SMIG) from 18,850 to 29,000 FCFA. This increase of 35% in absolute value constitutes the first revaluation in thirty years. In the process, the guaranteed minimum agricultural wage (SMAG) has also been increased, since it can no longer be less than 1000 FCFA per day.<\/p>\n<p>Despite a difficult economic situation reinforced by the health crisis linked to Covid-19, these increases only partially satisfy the unions who would have liked a 100% revaluation. According to trade unions, galloping inflation and the various socio-political crises that the country is experiencing cannot allow citizens to live decently on these incomes.<\/p>\n<p>The increase in the minimum wage does not concern civil servants and state employees, only workers in the private sector. The unions are currently negotiating a 40% increase in civil service wages, with the government due to respond by the second half of 2022.<\/p>\n<p>With Covid-19 and heightened insecurity, it is estimated that the Central African Republic could lose four years of per capita income growth, with estimates showing that GDP per capita is expected to remain at the same level in 2023 as it is in 2019.<\/p>\n<p>According to the African Development Bank (AfDB), the growth of the country&#8217;s real gross domestic product (GDP) should be 3.3% in 2021 and 5.1% in 2022. A rebound in growth that would come from the completion of energy projects and resumption of agricultural and mining activities. Inflation is expected to remain at 2.7% over the next two years, that is, below the 3% norm of the Central African Economic and Monetary Community (CEMAC).<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Central Africans will be slightly better paid from the start of this year, following the government&#8217;s decision to revalue the guaranteed minimum interprofessional wage on (SMIG) from 18,850 to 29,000 FCFA. This increase of 35% in absolute value constitutes the first revaluation in thirty years. In the process, the guaranteed minimum agricultural wage (SMAG) has<\/p>\n","protected":false},"author":536282,"featured_media":474848,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12046],"tags":[14443,20402,14854,20401],"class_list":{"0":"post-474847","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-leaders-en","8":"tag-central-african-republic","9":"tag-central-africans","10":"tag-smig","11":"tag-the-minimum-wage","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Central African Republic: differences around the increase in the minimum wage - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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