|Approval Date||19 Sep 2014|
|Signature Date||23 Oct 2014|
|Planned Completion Date||31 Dec 2015|
|Last Disbursement Planned Date||31 Dec 2014|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
The present project is the first phase of the Mozambique Economic Governance and Inclusive Growth Program (EGIGP). This initiative is designed as a programmatic series of three consecutive general budget support (GBS) operations covering fiscal years 2014, 2015, and 2016, with a total indicative financing envelope of UA 39.335 million for the three phases. As the Bank’s sixth GBS operation in Mozambique, the EGIGP responds to a request from GoM to support its reform agenda laid down in the Poverty Reduction Action Plan (PARP, Programa de Ação para a Redução da Pobreza) 2011-2014, recently extended to 2015), the Medium-Term Fiscal Framework 2014-2016 and a series of longer-term sectoral strategies. The first phase of EGIGP (EGIGP I) is presented for Board approval following the satisfactory implementation of a set of prior actions. In addition, the EGIGP I presents the multi-year framework and anticipates indicative triggers for the second and third phases (EGIGP II and III) based on the GoM’s reform agenda. Its implementation will contribute to the strengthening of GoM institutional capacity in the areas of PFM reform, fiscal transparency (including SOEs and public investment management), and private and financial sector development, though support for key institutional transformations.
The program’s development objective is to promote inclusive and sustainable growth in Mozambique through two complementary and mutually-reinforcing components, focusing on financial and economic governance: (1) Consolidating Transparent and Accountable PFM and Natural Resource Management Frameworks; and (2) Improving the Enabling Environment for Private Sector Development.
EGIGP’s direct beneficiaries include: (a) Government of Mozambique (GoM) institutions benefiting from an improved PFM framework (including, as direct beneficiaries, the entities implementing those reforms, such as the Tribunal Administrativo and IGF); and (b) private sector entities, in particular MSMEs (an estimated number of 4.5 million in the entire country), as direct beneficiaries from the supported reforms in the form of increased access to finance and lower market entry barriers. Indirect beneficiaries include (a) the entire public administration through greater public sector efficiency; and (b) the entire Mozambican population (and specially women and youth) through the promotion of inclusive growth, job creation, improved natural resource management and service delivery, and a friendlier business environment.
African Development Fund
Ministère de la Planification et du Développement
|Last Update||31 Oct 2019|