INDUSTRIAL RESTRUCTURING & DEVELOPMENT

closed

The proposed project would support the private industrial sector in undertaking the necessary adjustments for the transition from a highly-protected and inwardly-oriented sector, to an outwardly competitive one, by improving its efficiency, competitiveness, and export potential. Moreover, it would assist the Government in maintaining the newly reformed trade regime. To achieve the above objectives, the project would provide: (a) financial and technical assistance to a number of private industrial enterprises being restructured, including financial restructuring, improving marketing strategies, and upgrading product quality and production facilities; (b) credit assistance to export-oriented or efficient import-substitution industrial enterprises that need financing but no restructuring; and (c) technical assistance to strengthen the institutional capacity of the Fonds de Developpement Industriel (FDI), Financial Intermediaries (FIs) and the Central Bank, strengthen customs administration and support ongoing Government efforts to improve the industrial regulatory framework.