FINANCIAL & ENTERPRI

closed

The objectives of the project are to support government efforts to expand exports and improve the policy and institutional framework relevant to private sector investment. The project consists of three components. The investment finance component will be onlent to eligible participating financial intermediaries (PFIs) through an apex arrangement at the Reserve Bank of Malawi (RBM) to finance projects in the productive sectors promoted by foreign and indigenous entrepreneurs. The industrial sites component will ensure timely availability of industrial infrastructure to industrial sites and factory shells to encourage investment by indigenous and foreign investors, especially those investing in export-oriented activities. The institutional capacity development component will provide technical assistance and training to: (a) strengthen RMB's monetary policy management capability; (b) assist the government to develop the institutional framework for the promotion of foreign and domestic investment; (c) support programs for diversification into merchant banking; (d) restructure the Post Office Savings Bank into an autonomous and efficient financial institution; and (e) train local financial institutions' staff in project appraisal-related issues, especially the institutions that support small and medium enterprises and women entrepreneurs.