Support to Enterprise Development and Competitiveness Project (WB-P161590)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Congo, 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
May 30, 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
Republic of Congo
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
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)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 25.00 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)
$ 25.00 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 Jun 13, 2018

Disclosed by Bank Jul 19, 2017


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Project Description

The objective of the Support to Enterprise Development and Competitiveness Project is to foster MSME competitiveness in the targeted sectors and targeted geographic areas of the Republic of Congo's territory. There are three components to the project, the first component being regulatory and institutional support to strengthen the enabling environment for private sector development. The objective of this component is to promote investments particularly in the priority sectors targeted by the project (agriculture and agribusiness, tourism, transport and information and communication technology) and to strengthen the enabling environment for private sector development - accelerating the adoption of reforms launched under the PADE project (through stronger stakeholder coordination and high-level engagement). The component is divided into three sub-components, as follows: investment climate reform and public private dialogue, targeted promotion of domestic and foreign trade investments, and transport sector and industrial infrastructure management and development. The second component is the direct support to MSMEs to enhance the development and competitiveness of selected value chains. The objective of this component is: (i) to empower the poor and reduce poverty by promoting entrepreneurship; and (ii) to sustain inclusive growth by enhancing the development and competitiveness of value chains in priority sectors identified by the National Development Plan (agriculture and agri-business, Transport/ICT, and Tourism). Weak entrepreneurial activity and support systems for MSME are identified as a significant challenge preventing their growth, development and competitiveness. This component includes two subcomponents: entrepreneurship promotion and development, and support and development grants. Finally, the third component is the project implementation and coordination.

Investment Description
  • World Bank (WB)
Contact Information
Ministry of Plan, Statistics and Regional Integration
Benoit
Ngayou
Coordinator PADE
bengayou@yahoo.fr

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.