PRIVATE SECTOR ASSIS

closed

Closed

The project will primarily focus on the institutional development of: (i) the government agencies delivering administrative services to the private sector; and (ii) the financial intermediaries. It will also support measures aiming at deepening financial intermediation. The project consists of three components. (1) Assistance to the Ministere de l'Industrie, du Commerce et des Mines (MICM) - this component will finance short-term technical assistance, training and equipment to improve the MICM capacity in: (a) administering the procedures relating to external trade and the establishment of new private businesses; and (b) efficiently carrying out the government's program for divestiture from public enterprises. (2) Institutional support component to reorganize, privatize, and strengthen the support structure comprised of the Chambre de Commerce de l'Industrie et de l'Artisanat (CCIA), the Conseil Burkinabe des Chargeurs (CBC), and the Office National de Commerce Exterieur (ONAC) by: (a) transferring to the government the tasks of administrative nature that they presently perform and to the CCIA all those consisting of providing extension services to private entrepreneurs; (b) strengthening CCIA's ability to help private entrepreneurs obtain needed assistance; and (c) rationalizing the management of warehouses and shipping equipment presently under CCIA and CBC control. (3) Financial sector component to finance: (a) the services of an expert investment banker for the Ministere des Finances et du Plan (MFP) in evaluating private investors proposals to buy shares in public enterprises or financial institutions and in negotiating with them; (b) technical assistance to improve the organization and procedures of the Bureau de Recouvrement des Creances du Burkina (BRCB) and equipment to computerize its operations; (c) the update by independent auditors of the banks' audits prior to their privatization; (d) a study to prepare the conversion of the postal checking and savings system into a financial instititution; (e) a review of the laws relating to bad checks and delinquent debtors; and (f) a feasibility study to identify the conditions for the creation and the viability of long-term financial instruments for investment financing.

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

World Bank Group

Project

Commercial, Government, Residential