IDF

closed

The principal objective of the Private Enterprise Development Project is to support the Government's policy of fostering a stronger private sector, through the introduction of appropriate policy, institutional and financial measures. Consisting of four components, the project seeks to establish a new institutional support system to provide promotional and extension services to private enterprises, to be built around: (a) the newly created Centre Togolais des Investisseurs (CTI) and (b) a separate unit within the Chamber of Commerce (DIVA) to be restructured in order to provide a range of extension services to private enterprises. Secondly, the project includes support for the Government's on-going program of privatization of parastatals through (a) a resident technical advisor to the Ministry of State Enterprises and ad hoc consultancy services and (b) advisory services to support the establishment of a mutual investment fund to facilitate the financial participation of Togolese investors in the privatization process. Thirdly, the project entails a pilot scheme for microenterprise lending, in collaboration with NGOs/PVOs and, lastly, (4) a line of credit to finance fixed investments and working capital of existing enterprises as well as new projects.