News Column

Economic and financial reform support programme, Phase II

July 23, 2014



Project Start:April 2014 Project End:December 2015 Negotiation of Loan and Grant Agreements: May 2014 Board Presentation:June 2014 Effectiveness:August 2014 First Disbursement:September 2014 Supervision:November 2014,April 2015 Programming Finance:12UA million PAREF II aims to modernize public resource mobilization, allocation and management systems, as well as promote private sector development. It will help to consolidate the gains of the previous programme (PAREF I) , and support second - generation reforms designed to more effectively meet the challenges of inclusion. The guidelines underlying the design of this programme are as follows : (i) increase Government resources to enable it to support growth through public investment programming based on PRSP III development priorities ; (ii) enable the Government to better play its role as public authority and major economic stakeholder in the private sector by improving the regulatory and institutional framework , as well as the conditions for electric power supply , which is a key factor in promoting the private sector and improving the living standards of the population . In this regard, the programme will have two components: (i) strengthening of public management ; and (ii) improvement of the business climate and governance in the electricity sector. Expected Outcomes: The expected outcomes are : (i) enhanced financial governance , with increased budgetary resources, especially from the extractive sector, generating financing to support growth; (ii) better allocation of resources to finance public investment and cover capital expenditures in priority sectors; (iii) a private sector revitalized through improvement of the business regulatory and institutional framework , as well as adoption of a national policy paper on SME development, in particular, including a multi - year action plan; (iv) improved electricity sector governance , coup led with institutional strengthening in management so as to ease one of the constraints on the private sector. These outcomes will benefit the Guinean population as a whole and, in particular, the most vulnerable groups (women and children), economic and financial services , and national and foreign economic operators who, following the improved business regulatory and institutional framework, will be more likely to invest in the country, and thereby create more wealth and jobs for graduates whose unemployment rate has now reached 61%. Other Executing Agency: Programme Monitoring Technical Unit (CTSP)

Project completion date : 2015-12-31 12:00:00

Major organization : MINISTRY OF THE ECONOMY AND FINANCE

Address : Minister: Karamokoba Camara Conakry BP 279



Country :Guinea

Financier : African Development Bank (AfDB),

Financier address : African Development Bank Group AfDB Temporary Relocation Agency (Tunis) 15 Avenue du Ghana P.O.Box 323-1002 Tunis-BelvedÈre, Tunisia Tel: (+216) 71 10 39 00/(+216) 71 35 19 33 http://www.afdb.org


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Source: TendersInfo (India)


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