|Approval Date||01 Jul 2015|
|Signature Date||23 Dec 2015|
|Planned Completion Date||31 Dec 2022|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The Investment Climate and Forest Governance Support Project (PACIGOF) responses to the need to diversify the Congolese economy through higher national non-oil production. This project reponses also to strengthen competition and private operators’ capacity through programmes that promote and support small- and medium-sized enterprises (SMEs) in priority sectors (handicrafts, forestry and timber industry). The PACIGOF will contribute to increasing State tax revenue, enabling the Republic of Congo to sustainably improve the economic and financial performance of the State and businesses. The project’s total cost, including customs duties and taxes, is estimated at UA 30 million (equivalent to about CFAF 24.64 billion, at the exchange rate effective as of March 2015). It has three components: (i) SME and investment promotion support; (ii) forest/timber sector governance support; and (iii) project management support.
The project’s overall objective is to contribute to robust and inclusive growth by improving the business climate and diversifying the Congolese economy. Its specific objectives are to: (i) strengthen the capacity of private sector support institutions and promote private initiative; and (ii) improve forest/timber sector governance.
The project’s main beneficiaries are: (i) the whole population and more specifically, private sector support institutions, sector ministries and the private sector whose capacity will be built and resources increased; (ii) civil society organizations that will benefit from capacity-building in sustainable forest management, and women’s associations involved in economic activities, thanks to the establishment of the women entrepreneurship centre.
African Development Bank
Government Of Congo
MIN ECONOMIE, DES FINANCES ,BDGT
|Last Update||12 May 2021|