Namibia - Economic Governance and Competitiveness Support Programme - Phase II (EGCSP II)


Project Summary

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
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 143,858,673.24
Status Implementation

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
African Development Bank
Implementing
Ministère des Finances

Information

IATI identifier 46002-P-NA-KA0-002
Last Update 31 Oct 2019

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Contact Details

Name KOMA Baboucarr
Email b.koma@afdb.org

Geographic Location

Country Namibia