IND. DEVELOP. II

closed

The Second Industrial Development Project will finance the foreign exchange cost of balancing, modernizing, rehabilitation and expansion investments (BMRE) by private sector firms. Funds will also be provided for the BMR of public enterprise units needing to restructure their facilities to improve efficiency. The project will also provide technical assistance to the Development Finance Institutions (DFI) to assist them in improving their operating efficiency and diversifying the range of their activities and funding sources. The Government will be assisted to: (a) develop a comprehensive performance signalling system covering all major state industrial corporations (SIC); (b) rehabilitate individual public sector enterprises; and (c) consolidate existing studies and to develop a comprehensive industrial strategy.