PRVT SCTR DEVT

closed

The Private Sector Development Project objectives are to support private sector development by: (a) improving the efficiency of the financial sector; (b) improving the efficiency of the productive sector; and (c) enabling the private sector to take advantage of the liberalized trade regime through the timely provision of term finance for private investments. The project comprises the following components: (1) a credit line to the Corporation Financiera Nacional to be passed onto commercial banks and finance companies for on-lending to viable productive enterprises for the purpose of financing fixed investments and associated working capital; and (2) policy conditionality linking continuation of disbursements to no retrogression of previous trade and finance sector reforms.