GECAMINES REHAB.

closed

The project would finance part of the foreign exchange costs of Gecamines' five year rehabilitation program (1986-1990), which aims at maintaining production capacity at its present level while raising productivity and reducing production costs. The project would finance: (i) high priority investments for replacement and rehabilitation of equipment; (ii) training to upgrade the skills of technical and managerial staff, and permit a gradual replacement of foreign personnel by trained nationals. It would also finance preinvestment and technical studies, and technical assistance to improve ongoing operations, review the company's social activities, reduce costs, and permit the definition of a long term development plan, beyond the rehabilitation program.