Guinea-Bissau - Economic and Financial Governance Strengthening Support Project


Project Summary

Approval Date 01 Jul 2015
Signature Date 16 Nov 2015
Planned Completion Date 30 Jun 2021
Last Disbursement Planned Date 30 Jun 2021
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 5,000,000
Status Implementation

Project General Description

The Economic and Financial Strengthening Governance Support Project (PARGEF) is part of a concerted and urgent effort of the international community to restore the rule of law and promote economic recovery. It has been elaborated to overcome a deeply dysfunctional public administration in Guinea Bissau affected by strong political instability for more than a decade. The expected outcomes of this project are: (i) reduced impunity through easy access to justice, professionally trained CSOs (Civil Society Organizations) to better play their roles as watchdogs, a strengthened and operational Court of Auditors following the amendment of its Organic Law, the drafting of the Court implementation decrees, and the training of 34 employees (including 10 women) ; (ii) a full and accurate implementation of WAEMU (West African Economic and Monetary Union) directives on the oversight exercised by State authorities, particularly over the DGCF, IGF, DGP and the ARMP ; (iii) increased tax revenue that would raise the tax burden from 7.5% in 2013 to 13% in 2018 and (iv) economic empowerment of women through the formulation and implementation of a female entrepreneurship development strategy, the creation of incubators and support tools ; and (v) the update of the Code on Private and State-Owned Land, and officer training on its use in 2016. The estimated duration for the project implementation is 48 months (from July 2015 to June 2019). The project is structured around three (03) components: (i) strengthening corruption control and prevention ; (ii) supporting resource mobilization and economic recovery ; and (iii) supporting reform coordination and monitoring.

Project Objectives

The overall objective of the project is to help build corruption control and prevention capacity, and create conditions conducive to the rapid recovery of the economy. The specific objectives of the project are: (I) improving the State's efficiency, particularly by strengthening the fight against corruption and fiscal discipline ; and (ii) supporting resource mobilization and activities to support economic recovery.

Beneficiaries

The main beneficiaries of the project are (i) the Bissau Guinea Government through the strengthening of its institutional structure capacities in charge of economic and financial management, the increase of public resources ; (ii) companies, SMES in particular, and women's micro-enterprises, which will benefit from a more favorable institutional environment. Generally, the service quality improvement generated by the project will benefit the entire population of Guinea-Bissau who will be the main beneficiaries of the job creations, in particular through the improvement of the public sector’s efficiency, and a secure access to land resources.

Participating Organization

Funding
Fragile States Facility
Implementing
MINISTERE DU PLAN

Information

IATI identifier 46002-P-GW-K00-005
Last Update 31 Oct 2019

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Contact Details

Name SARR Christian
Email c.sarr@afdb.org

Geographic Location

Country Guinea-Bissau
Coordinates Location Name
12 -15 Guinea-Bissau