Original disclosure @ WB website
Updated in EWS Jun 15, 2022
Disclosed by Bank Aug 27, 2021
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According to bank documents, the proposed Program Objectives are to (i) improve the business environment and strengthen financial inclusion; (ii) improve access and affordability of digital broadband services, (iii) strengthen the institutional framework for climate resilience and (iv) improve the quality and access to basic education and vocational training. It is the third in a programmatic series of three single-tranche DPF operations. The first operation (DPF1) was approved by the Board on July 24, 2019 and the second on July 22, 2021. The financing of this operation consists of an International
Development Association - IDA credit in the amount of US$30 million.
The proposed operation is structured around three pillars.
Pillar 1 supports reforms to improve the business environment for SMEs and strengthen financial inclusion by strengthening SME’s access to an efficient and transparent commercial justice system and to finance, including through a legal framework enabling secured transactions and the use of digital payment services.
Pillar 2 supports reforms to accelerate the development of digital broadband services that are accessible, affordable, and of good quality. The objective is to lower costs and increase quality and access to ICT services. Proposed reforms include opening the internet wholesale and retail markets to competition and promoting access to dominant operators’ essential infrastructure.
Pillar 3 supports reforms to improve the quality of basic education and vocational training and promote climate resilience. The operation supports reforms to increase the autonomy of schools and teachers’ competences, boost the relevance of vocational training and align it with labor market demands, and establish an institutional and financing framework to efficiently respond to food insecurity and climate-related shocks.
Urbain Thierry Yogo, Cristina Navarrete Moreno, Felix Oppong
MINISTRY OF ECONOMIC AFFAIRS AND PROMOTION OF PRODUCTIVE SECTORS
Mohamed Salem Nany
DG International Cooperation
Ministry of Finance
Moktar Salem El Mouna
Director of Treasury
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