Gabon - Economic Diversification Support Project (PADEG)


Project Summary

Approval Date 29 Jun 2018
Signature Date 08 Aug 2018
Planned Completion Date 31 Dec 2022
Last Disbursement Planned Date 31 Mar 2022
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 50,790,010.52
Status Implementation

Project General Description

PADEG is an institution-building project following government’s request that focuses on creating conditions conducive to improving the investment climate and economic diversification through better promotion of domestic and foreign private investment.PADEG will be implemented over a four-year-period from 2018 - 2022.The project is estimated to cost EUR 74.62 million, excluding taxes and customs duties, and aims mainly to consolidate the achievements of the Bank's previous operations and support efforts to structurally transform the Gabonese economy. It is divided into three complementary components presented in detail in the table below: (i) support investment climate reforms to strengthen economic competitiveness, and mobilize internal resources for economic diversification; (ii) support reforms in the priority mining and timber sectors to diversify the sources of growth; and (iii) support the project’s operational management.

Project Objectives

The project’s overall objective is to contribute to strong and inclusive growth by improving the investment climate, strengthening institutional capacity and diversifying the Gabonese economy in priority sectors. Specifically, PADEG will help improve the investment climate, strengthen internal resource mobilization to ensure sustainable financing of economic diversification, and promote priority sectors and SMEs in Gabon.

Beneficiaries

The final (indirect) beneficiary of PADEG is the entire Gabonese population and more particularly, the poorest sections.

Participating Organization

Funding
African Development Bank
Implementing
Ministère de la Promotion des Investissements et des Partenariats Publics- Privés

Information

IATI identifier 46002-P-GA-K00-007
Last Update 31 Oct 2019

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Contact Details

Name TOTO SAME Achille Charles Samuel
Email a.totosame@afdb.org

Geographic Location

Country Gabon