DRC- SME Development and Growth Project (WB-P160806)

Countries
  • Congo, Democratic Republic of
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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
Jul 6, 2018
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
Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 14, 2019

Disclosed by Bank Aug 9, 2017


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Project Description

The Small Medium Enterprise Development and Growth Project of the Democratic Republic of Congo has the objective to support the growth of Micro, Small, and Medium-sized Enterprises (MSMEs) and increase employment and entrepreneurship opportunities for youth and women in select areas. This project is comprised to three components. (1) Support entrepreneurship opportunities for youth and women which will help support women who are self-employed, subsistence entrepreneurs and those running home-based or family-owned business through Technical Assistance and financing of business plans. (2) Small and Medium Enterprises (SME) development which will provide matching grants to established SMEs with a good track record that face constraints to growth that cannot be addressed in the current context because of market and institutional gaps. (3) Capacity building and Project Management which helps provide national and provincial actors (both public and private) with capacity-building opportunities to reinforce their skills and capabilities to perform support functions during program implementation.

Investment Description
  • World Bank (WB)
Contact Information
Ministry of SME
Eugène Serefuli
Minister of SMEs
cabfinances@minfinrdc.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.