Comoros - Energy Sector Reform and Financial Governance Support Programme (PARSEGF)


Project Summary

Approval Date 19 Dec 2012
Signature Date 23 Jan 2013
Planned Completion Date 30 Jun 2014
Last Disbursement Planned Date 30 Jun 2014
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 2,000,000
Status Completion

Project General Description

The Energy Sector Reform and Financial Governance Support Programme (PARSEGF) is initiated in a context of gradual emerging from a situation of fragility. It's aimed at supporting the efforts of the Comorian Government to create the conditions for inclusive and sustainable growth through the development of the energy sector, whose inefficiency remains the key stumbling block for the country’s economy. PARSEGF seeks to provide reform support aimed at improving energy sector performance and development, especially in the electricity sub-sector. This energy sector support should be accompanied by measures to improve public finance management and thus build the Government’s capacity to manage this sector. The reforms planned in this area will help to increase the State’s efficiency and capacity to provide essential basic services to the population and the business community, particularly in the energy sector. The total cost of the program is estimated at UA 2 million. The PARSEGF comprises a single component, namely "improvement of the performance and development of the energy sector". This component has two pillars , namely : (i) improvement of energy sector performance and governance; and (i) consolidation of public finance management.

Project Objectives

The programme’s development objective is to contribute, through energy sector restructuring and reform measures, to the creation of conditions for robust growth that can enable the Union of the Comoros to emerge gradually from its fragile situation. Its specific objective is to improve the governance and performance of the energy sector to make it more efficient and able to sustain the country’s economic development.

Beneficiaries

The people of the Comoros are the primary beneficiaries of the programme. The direct beneficiaries are the Comoros population, in general, which will experience an improvement in living conditions thanks to the improved functioning of the energy sector. Furthermore, through PARSEGF, the people of the Comoros should benefit from a more transparent PFM system and an improved supply of social services to the poorest segments of the population. The other beneficiaries of the programme are: (i) the two State -owned electricity sub-sector companies which will experience an improvement in performance; and (ii) government services which will benefit from technical and operational capacity-building.

Participating Organization

Funding
Fragile States Facility
Implementing
MINISTERE DES FINANCES,DU BUDGET,DE L'ECONOMIE, ET DU PLAN

Information

IATI identifier 46002-P-KM-K00-003
Last Update 31 Oct 2019

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Contact Details

Name LAKOUE DERANT Regis
Email r.lakoue-derant@afdb.org

Geographic Location

Country Comoros
Coordinates Location Name
-12.23333 44.44553 Comoros