Competitiveness and Sector Diversification

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The development objective of Competitiveness and Sector Diversification Project is to support sector governance improvements and increase competitiveness in targeted industries in Suriname. This project has three components. 1) The first component, Strengthening the mining sector governance, transparency, accountability, and administration, focuses on supporting improvements to the legal, regulatory, and institutional framework governing mining in Suriname. 2) The second component, Investment in SMEs and value chains in targeted emerging industries, seeks to address the limited firm capabilities, investment climate challenges, vulnerabilities to climate change, and infrastructure shortcomings that constrain opportunities for growth and diversification in agribusiness, tourism, and other emerging industries, especially for SMEs. It has the following subcomponents: (i) Program for Suriname’s Growth Enterprises; and (ii) Improving the business environment for emerging industries and growth enterprises. 3) The third component, Project management and evaluation, aims to fund all project management, operational, monitoring and evaluation, and communication costs.