Congo - Institutional Support Project to Improve the Business Climate and Diversify the Congolese Economy (PACADEC)

The Institutional Support Project to Improve the Business Climate and Diversify the Congolese Economy (PACADEC) is an institutional support project aimed at building capacity for improving the business climate. The project falls within the ambit of Government's Economic Diversification Support Programme. It's designed because the under-developed non-oil private sector and its corollary, the insufficient exploitation of the growth potential of the non-oil sector (inadequate economic diversification), constitute a major obstacle to achieving the objectives of Congo's national growth and poverty reduction strategy. By promoting the creation and development of businesses, the project will help to create wealth and employment, and contribute to poverty reduction. The overall project cost, excluding taxes and customs duty, is estimated at UA 6.88 million. The project should be implemented over a five-year period from 2011 to 2015 and comprise three components, manely: (i) Support for the identification and implementation of key reforms to improve the business climate through better public-private sector dialogue; (ii) Support for facilitating the creation and development of private enterprises; and (iii) project management.