|Approval Date||18 Jul 2018|
|Signature Date||14 Aug 2018|
|Planned Completion Date||30 Jun 2019|
|Last Disbursement Planned Date||30 Jun 2019|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15110|
The Economic Governance and Competitiveness Support Program II (EGCSP II) is the second phase of the two year programmatic series, for the period 2017/18 – 2018/19. The program cost for the second phase of the two-year programmatic operation is 3 billion Rand and remaining consistent with the original program approved by the Board of Directors on 10th May 2017, the goal of EGCSP II is to support the implementation of the Namibian government’s medium term development agenda, aimed at accelerating inclusive growth and sustainable development, by preserving macroeconomic stability, and addressing the challenges of lack of diversification, high unemployment and income inequality. The three components are: (i) Advancing fiscal consolidation which supports measures to improve revenue collection, enhance efficiency in public spending, and improve debt management; (ii) Strengthen public financial management and public sector efficiency by improving the public procurement, internal and external audit functions and the governance framework for SOEs; and (iii) Improve the business environment for industrialization through enhancement of the investment facilitation framework, and improving the framework for industrial and MSME development.
The goal of EGCSP II is to continue support for the implementation of the government’s medium-term development agenda aimed at building a strong foundation for inclusive and sustainable economic growth, while leveraging the achievements of EGCSP I. Consistent with this goal, EGCSP II aims specifically to: (i) Advance fiscal consolidation through improved revenue collection, and enhanced efficiency in public spending; (ii) Strengthen public financial management and public sector efficiency, by improving the public procurement, internal and external audit functions and the governance framework for SOEs; and (iii) Improve the business environment through enhancement of the investment facilitation framework, and improving the framework for industrial and MSME development.
The direct beneficiaries are the Ministry of Finance, Ministry of Industrialization, Trade and SME Development, Ministry of Public Enterprises and other ministries and agencies in charge of public financial management and business environment reforms. The entire population of Namibia will ultimately benefit from the ongoing fiscal consolidation efforts, through the resultant fiscal space, which will help to fund critical infrastructure investments.
African Development Bank
Ministère des Finances
|Last Update||31 Oct 2019|