PRIVATE SECTOR ASSIS

closed

The project has four components: (i) a regulatory component to complete implementation of recent policy and regulatory reforms essential to private sector performance (enlargement of the role of the guichet unique; upgrading of the national accounting plan for enterprises; modernization of legal texts on corporate rights and bankruptcy); (ii) an institutional support component targeted to: (a) non-financial private enterprises (technical and management assistance, training); (b) financial intermediaries (external independent audits, financial and institutional development programs and training); (c) professional associations (assistance in revision of statutes, office technology, management information systems, training); and (d) government agencies (revamped information systems, legal and regulatory framework for privatization, training); (iii) a studies component to explore options to deepen the Malian financial system in the areas of: urban mutual savings and credit schemes, and housing finance, and to prepare an overall financial sector strategy; and (iv) a communication component to disseminate information on business services to frequently disadvantaged groups and elicit participation by rural service suppliers. The sub-component to provide technical and management assistance to private enterprises will be of a pilot nature and administered by a private agency under terms and conditions satisfactory to IDA.