IND. RESTR. II

closed

The Second Industrial Restructuring Project supports the continued implementation of a comprehensive program of industrial policy reforms which creates the necessary economic conditions for industry-wide restructuring. It supports specific restructuring actions at the subsector/enterprise level to facilitate an adequate supply response to the reforms. To that end, the project involves (a) $98.5 million for an industry-wide restructuring component comprising: (i) imports of raw materials and goods; (ii) a pilot program of development of feeder industries; and (iii) technical assistance to support the reform program. It further includes (b) $51.5 million for a subsector restructuring component comprising: (i) support for the restructuring of rubber processing, agricultural machinery, food processing machinery and plastics processing subsectors; and (ii) technical assistance for preparation of enterprise restructuring programs and for strengthening the Restructuring Program Office (RPO).