INDUSTRIAL ENTERPRISE

closed

The project's overall objective, which is in support of the Government's strategy, is to restore production and efficiency in a selected group of major industrial and agro-industrial enterprises. More specifically, the project aims to: (a) introduce a framework and criteria for selecting enterprises for rehabilitation, based on potential economic, financial and technical viability, and on management capacity to operate efficiently and profitably; and (b) finance the rehabilitation, financial restructuring and operational support to selected enterprises. The restructuring process would, where appropriate, include: (c) rationalization of capacity, privatization, technical partnership arrangements, or if necessary, closure of nonviable operations; (d) protect the environment and worker safety; (e) strengthen the Government's capacity to implement the rehabilitation program; and (e) support policy reforms and subsector reviews to strengthen enterprise operations in a market-oriented environment.