|Approval Date||17 Nov 2014|
|Signature Date||11 Dec 2014|
|Planned Completion Date||30 Jun 2020|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
This intervention concerns the grant of UA 2 million from the resources of the African Development Fund to the Islamic Republic of Mauritania to finance the Governance Support Project for Inclusive Growth Promotion (PAGOCI). PAGOCI is an institutional support project designed to enhance the capacity of structures tasked with monitoring and implementing the Poverty Reduction Strategy Framework (PRSF) by putting in place the necessary conditions for private sector development and promoting entrepreneurship, especially among women and youths. This project addresses the country’s key challenges and constraints in terms of promoting job-creating inclusive growth through: the strengthening of economic and financial governance, private sector development and reduction of gender disparities and inequalities. The country has achieved an average annual growth rate of about 5-6% over the past decade, but unemployment persists especially among youths and women. It comprises three components: (i) Support to PRSF development and monitoring/evaluation; (ii) Private sector development; and (iii) Project management and coordination. Les résultats attendus de la mise en œuvre du projet sont: (i) à court terme, le renforcement de la qualité de la formulation et de la mise en œuvre des politiques et l’amélioration du climat des affaires ; et (ii) à plus long terme, une croissance économique forte et inclusive qui contribue à la réduction du chômage et des inégalités de genre.
PAGOCI’s objective is to promote strong and inclusive economic growth through the formulation and implementation of policies conducive to youth and women’s employment and private sector development. Its operational objectives are to: (i) develop a new PRSF, mainstreaming employment and gender; (ii) reduce administrative obstacles to business; (iii) increase entrepreneurship, notably among women and youths; and (iv) boost private sector development.
The project’s direct beneficiaries are: (i) the MAED directorates and staff through capacity building activities; (ii) the private sector through sustained efforts to improve the business climate; (iii) the customs administration through its improved functioning leading to trade facilitation; (iv) CCIAM, which is responsible for promoting entrepreneurship, through the mainstreaming of gender and youth entrepreneurship; (v) women: the project will support the development of a new Poverty Reduction Strategic Framework which will place gender at the core of priorities; and (vi) young entrepreneurs, who will also undergo training on customs procedures and entrepreneurship to enable them to meet banking system requirements and access credit. PAGOCI will indirectly benefit the Mauritanian population as a whole. The population will witness an improved living standard thanks to the spin-offs of wealth creation and employment in SMEs and more inclusive economic growth.
African Development Fund
Government Of Mauritania
MINISTERE DES AFFAIRES ECONOMIQUES ET DU DEVELOPPEMENT
|Last Update||16 Jan 2020|