|Approval Date||22 Apr 1998|
|Signature Date||28 May 1998|
|Planned Completion Date||30 Jun 2007|
|Last Disbursement Planned Date||31 Dec 2007|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
The present intervention concerns the Project to Support the Public Enterprise Restructuring/Privatization Programme. It’s designed because of the unsatisfactory performances of the public enterprises and the trend of the overall economic environment.The project is to contribute to building institutional capacities, particularly with regard to privatization. The project comprises seven (7) components, namely: i) communication to inform political and socio-economic partners; ii) regulation through the creation of an entity to regulate the activities of the telecommunications, post, electricity and water sectors; iii) privatization; iv) participation of nationals in the privatization process; v) modernizing the business climate, analysis of regulatory texts and their harmonization, the study on the evaluation of the business environment in Gabon and the restructuring of the National Social Security Fund (CNSS); vi) the social dimension of the privatization, support to the establishment of the preservation fund and the supervision/reskilling of laid-off personnel; vii) support to the Project Implementation Unit.
The overall objective is to contribute to development of the private sector by creating a conducive environment for business. The project’s specific objectives consist in: i) creating a regulatory, legal and institutional framework conducive to the development of the private sector; ii) transferring the public and semi-public enterprises to the private sector, and also transferring the State’s minority shares, while minimizing the negative social impacts of the privatization operations.
The beneficiaries of the project are the public and semi-public enterprises and the Gabonese State.
African Development Bank
Government Of Gabon
GOUVERNEMENT DE LA REPUBLIQUE DU GABON MINISTERE DE L'ECONOMIE ET DES FINANCES
|Last Update||16 Jan 2020|
|Name||HOUENINVO Dewanou Toussaint|