Zimbabwe - Tax and Accountability Enhancement Project (TAEP) (AFDB-P-ZW-KF0-012)

Countries
  • Zimbabwe
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 18, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Zimbabwe
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.51 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 10, 2020


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Project Description

According to bank documents, the proposed operation relates to the Tax and Accountability Enhancement Project (TAEP). It's aligned with the Country's Transitional Stabilization Programme (TSP), 2018-2020, that prioritizes fiscal consolidation, economic stabilization and growth, and employment creation. This operation is an institutional support Project designed to complement the ongoing technical support provided by the IMF and previous Bank Group institutional support projects (i.e. SITA, ISERD, CBPFEM and GISP), and other partners' interventions, including the World Bank and UNDP managed multi-donor support program for Parliament and Auditor General. The outcome is enhanced tax compliance and efficiency as well as strengthened public accountability to be achieved through installation and functionality of new Tax and Revenue Management System (TaRMS) and improved capacity of the oversight function of Parliament and External Audit. The Project has three components, namely: Tax and Revenue Management System Modernization; Improving capacity of the oversight function of Parliament and External Audit; and Project Management.

The overall development objective is to enhance domestic resource mobilization, public sector accountability and integrity through streamlining and automating tax management systems and strengthening institutional capacity and effectiveness of oversight institutions. The Project will: (a) implement an efficient and reliable TaRMS that is compliant with international best practices; (b) improve operational efficiency in collection of domestic taxes and end user service delivery; (c) enhance information technology management capacities for tax management and administration; (d) Strengthen role of Parliament in reviewing and approving legislation, oversee decision-making and monitoring the actions of the executive; (e) Institutionalize training and capacity building within Parliament; (f) Strengthening capacity of the Office of the Auditor General; and (g) tackling corruption and Illicit Financial Flows.

Investment Description
  • African Development Bank (AFDB)
Contact Information

CHANGE Evelynne Obonyo
e.change@afdb.org 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/