PRIV SEC

closed

Closed

The project's main objective is to promote growth by supporting the establishment of an incentive framework for export-oriented private sector investment. The project consists of a line of credit for productive investments, support to industrial infrastructure, improvements in the business environment and in financial intermediation, and technical assistance in support of private sector development. Eligible projects to be included under the line of credit (subproject investment financing) include : i) investment projects in all productive sectors, with particular emphasis on export-oriented manufacturing, small-scale mining, and agro-industrial projects; and ii) modernization of equipment. An additional US$3.5 million will be used for an investment program in sites and services in the undeveloped industrial zone of Bujumbura, the capital city. There will also be a technical assistance component which will be passed on as a grant by the government to implementing institutions. The grant will be given to : a) participating intermediaries; b) private entrepreneurs; c) the Central Bank and banks to implement staff training and capacity building programs, to improve banking supervision, economic and monetary analyses as well as credit evaluation; d) Ministry of Commerce and Industry for a Policy Coordinating Unit (PCU); and e) Ministry of Energy and Mining to assist in reforming mining investment and regulatory policies.

FY17 - Financial Sector,FY17 - Industry, Trade and Services,FY17 - Public Administration

World Bank Group

Project

Manufacturing (Industrial), Commercial, Government