|Approval Date||13 Jul 2016|
|Signature Date||19 Jul 2016|
|Planned Completion Date||31 Dec 2016|
|Last Disbursement Planned Date||31 Dec 2017|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
PAREF III is aligned on Pillar I of the Bank’s Country Strategy Paper 2012-2016 “country economic and financial governance”. Furthermore, the programme is also consistent with the guidelines of the Bank’s 2013-2022 strategy, especially those relating to the consolidation of governance and private sector development. It is closely consistent with two of the fundamental “High-Five” priorities, namely the industrialization and electrification of Africa. PAREF III contributes to private sector development and supports implementation of Guinea’s electricity sector recovery plan. It is consistent with the guidelines of the Bank's gender strategy as regards increasing women's participation in economic activities. It is also aligned on Pillar I of the Governance Action Plan (GAP II 2014-2018) on public management; on Pillar II (sector governance) by supporting electricity and mining sector governance; and on Pillar III (investment climate and business).
The medium-term expectations are: (i) improved transparency in the management of public funds; (ii) improved domestic budget revenue collection; and (iii) boosting of the private sector through improvement of the regulatory and institutional framework for business, and the promotion of local entrepreneurship. The direct programme beneficiaries are: (i) the financial services of the State (tax and customs authorities) whose efficiency will be enhanced; (ii) the Court of Auditors, whose credibility will be reinforced as it fully plays its role of monitoring budget implementation; (iii) the Ministry of SMEs and the Private Investment Promotion Agency (APIP) through reinforcement of the private sector promotion mechanism; (iv) the Ministry of Energy through restructuring of the electricity sector; and (v) the Ministry of Mining and Geology through the improvement of mining sector governance.
The direct programme beneficiaries are: (i) the financial services of the State (tax and customs authorities).
African Development Fund
Fragile States Facility
Ministry of Economy and Finance (MEF)
|Last Update||26 Jan 2023|
|Name||EKPO Alain Fabrice|