|Approval Date||09 Jul 2015|
|Signature Date||28 Sep 2015|
|Planned Completion Date||31 Dec 2020|
|Last Disbursement Planned Date||31 Dec 2020|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
The Investment Promotion Support Project (PAPI) is part of the Bank's actions to support the new Malagasy authorities to face the important challenges resulting from the serious political crisis, particularly with regard to the deficit in infrastructure. It is an institutional support to help create the conditions for sustainable and inclusive growth by boosting private investment in priority sectors and setting up a public-private partnership framework to mobilize the resources needed for infrastructure development and modernization. To stimulate private investment, economic growth and improve people's livelihoods, PAPI will directly support the textile sector because of its high potential for foreign investment, exports and jobs. PAPI is organized around two operational components, namely: (i) support for investment promotion; (ii) support to the public-private partnership framework.
The project aims to contribute to and stimulate strong, inclusive and sustainable economic growth and job creation through the establishment of conditions to increase private investment in infrastructure and priority sectors. The specific operational objectives of the project relate to (i) institutional capacity building for investment promotion; (ii) improved business intelligence for investment promotion; (iii) the operationalization of a central Public-Private Partnership (PPP) unit; and (iv) support for the implementation of PPPs.
The beneficiaries of PAPI are: (i) the Malagasy State as a whole, by strengthening the institutional capacities of the structures in charge of the promotion of private investments and the public-private partnership framework; (ii) firms (small and medium) in the textile sector that will benefit from a more investment-friendly institutional framework; (iii) enterprises in priority sectors (agribusiness, mining, new information and communication technologies) through better access to production infrastructure; (iv) women and young entrepreneurs to be supported by the Textile Promotion Fund; (v) all the Malagasy populations who will be the indirect final beneficiaries of the positive effects of increasing the level of private investment in terms of job creation and improvement of living conditions; (vi) government ministries and agencies, non-state actors, civil society and the private sector will also be indirect beneficiaries of PAPI.
African Development Fund
Fragile States Facility
GOUVERNEMENT DE MADAGASCAR MINISTERE DES FINANCES ET DE ECONOMIE DIR. TRESOR
|Last Update||31 Oct 2019|