Djibouti - Project for Capacity Development of Public Finance Control Institutions and Governance of Public Establishments and Enterprises (PAIC-GEP)

The Project to Build the Capacity of Public Finance Audit Institutions and Governance of Public Enterprises and Establishments (PAIC-GEP) aligns with the third aspiration of the African Union's Agenda 2063 and the 16thSustainable Development Goal (SDG). Regarding Agenda 2063, PAIC-GEP will support Djibouti in achieving the third aspiration -an Africa of good governance, democracy, respect for human rights, justice and the rule of law. The project will specifically target the second goal of this aspiration, which is to promote capable institutions and transformative leadership at all levels. The project will be structured around three components, two of which are technical and the third project management: (i) Support the improvement of public finance audit and control functions; (ii) Support effective governance and supervision of public enterprises. The overall project cost is 4.7 million Units of Account, excluding taxes and customs duties, financed by an ADF grant from the ADF-15 performance-based allocation. This project primely contributes towards climate adaptation result. As such 30% of the total approval is attributed as climate finance, out of which 2 million USD is adaptation finance.