Sao Tome and Principe - Economic and Financial Management Support Project (PAGEF)


Project Summary

Approval Date 14 Jan 2013
Signature Date 26 Feb 2013
Planned Completion Date 31 Jan 2020
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 7,000,000
Status Implementation

Project General Description

The Economic and Financial Management Support Project (PAGEF) is designed for human and institutional capacity building. It is implemented in a context marked by increasingly bright prospects of the country joining the club of oil producers. To ensure project ownership at the national level, all stakeholders, notably the public administration, the private sector and civil society, are involved in the project design, preparation and implementation phases. This project comprises three components, namely: (i) Support for Planning, Public Finance Management and Transparency in the Oil Sector; (ii) Support for Improvement of the Private Sector Climate and Promotion of the Tourism Sector; and (iii) Project Management. The main expected outcomes of PAGEF implementation are: (i) improved public finance planning and management; (ii) improved domestic resource mobilization; (iii) greater public accountability; (iv) achievement of the status of Extractive Industries Transparency Initiative (EITI) compliant country; (v) enhanced private sector environment, in particular reduced costs of insularity; and (vi) greater promotion of small and medium-sized enterprises operating in the tourism sector, by particularly targeting women entrepreneurs and youths. The total cost of this project, which will span three years, is UA 7.04 million.

Project Objectives

The project goal is to contribute to improving the management of public resources and diversifying the economy.

Beneficiaries

The entire population of the country will indirectly benefit from the project owing to the positive impact of efficient resource allocation and effective public spending. It will directly benefit small and medium-sized enterprises operating in the tourism sector.

Participating Organization

Funding
African Development Fund
Funding
Fragile States Facility
Extending
Government Of Sao Tome and Principe
Implementing
Ministry of Finance and International Cooperation

Information

IATI identifier 46002-P-ST-K00-009
Last Update 27 Sep 2020

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Contact Details

Name TOKO Pierre
Email p.toko@afdb.org

Geographic Location

Country Sao Tome and Principe