Congo - Investment Climate and Forest Governance Support Project (PACIGOF)

The Investment Climate and Forest Governance Support Project (PACIGOF) responses to the need to diversify the Congolese economy through higher national non-oil production. This project reponses also to strengthen competition and private operators’ capacity through programmes that promote and support small- and medium-sized enterprises (SMEs) in priority sectors (handicrafts, forestry and timber industry). The PACIGOF will contribute to increasing State tax revenue, enabling the Republic of Congo to sustainably improve the economic and financial performance of the State and businesses. The project’s total cost, including customs duties and taxes, is estimated at UA 30 million (equivalent to about CFAF 24.64 billion, at the exchange rate effective as of March 2015). It has three components: (i) SME and investment promotion support; (ii) forest/timber sector governance support; and (iii) project management support.