Support to the Institutional and Operational Strengthening of the Energy Sector III

closed

the general objective of the program is to increase the efficiency, transparency, sustainability and accountability of the power sector. The specific objectives are: (i) to develop an institutional and regulatory framework; and (ii) to strengthen the corporate capabilities of the sector to supply electricity in an economic, efficient and sustainable manner. This operation is the third and final in a programmatic policy-based series of independently and technically connected loans, in accordance with the Guidelines for Preparation and Implementation for Policy-based Loans (document CS-3633-1). The operation will consolidate the support for the policy reforms and sector decisions envisioned in the program, including the approval of a sector policy with an accompanying legal and institutional framework, a revised electricity tariff that reflects price-setting principles and improvements in N.V. Energie Bedrijven Suriname (EBS)'s corporate capacity and governance.