Gabon - Project to Support the Public Enterprise Restructuring/Privatization Programme


Project Summary

Approval Date 22 Apr 1998
Signature Date 28 May 1998
Planned Completion Date 31 Dec 2007
Last Disbursement Planned Date 30 Jun 2007
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 1,732,896.61
Status Completion

Project General Description

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.

Project Objectives

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.

Beneficiaries

The beneficiaries of the project are the public and semi-public enterprises and the Gabonese State.

Participating Organization

Funding
African Development Bank
Extending
Government Of Gabon
Implementing
GOUVERNEMENT DE LA REPUBLIQUE DU GABON MINISTERE DE L'ECONOMIE ET DES FINANCES

Information

IATI identifier 46002-P-GA-K00-001
Last Update 31 Oct 2019

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Contact Details

Name HOUENINVO Dewanou Toussaint
Email t.houeninvo@afdb.org

Geographic Location

Country Gabon