📋 Tender Overview
Project Summary :
Approval Date 25 May 2023
Planned Completion Date 31 Dec 2027
Last Disbursement Planned Date 31 Dec 2027
Sovereign / Non-Sovereign Sovereign
Sector Social
DAC Sector Code 11231
Commitment U.A 1,000,000
Status Approved
Project General Description
This operation concerns a grant of UA1,000,000 to the Central African Republic from Pillar 3 resources of the Transition Support Facility (TSF) for the implementation of the Support Project for Socio-Economic Inclusion through Entrepreneurship and Mobilisation of the Diaspora (PAISEMD). Promoting private initiative and mobilising the diaspora are two critical levers that the Bank intends to support to boost and strengthen its impact in CAR. The Bank's support for the PAISEMD therefore lies in using these two assets to support the Central African Republic's reconstruction efforts, particularly in the areas of youth and women's entrepreneurship, the socio-economic integration of young people, improving the business climate, financial inclusion and human capital in CAR. The PAISEMD will prioritise actions aimed at promoting entrepreneurship, innovation (making the most of local initiatives in the beekeeping and dairy sectors) and digitalisation (digitising procedures for setting up businesses) and mobilising the diaspora in favour of internally displaced persons, host communities and communities of origin.
Project Objectives
The development objective of the project is to contribute to the revival of the private sector in CAR by promoting entrepreneurship, innovation and the mobilisation of the diaspora in favour of internally displaced persons, host communities and communities of origin. The innovation dimension may involve new production techniques as well as the diversification of its by-products (use of honey in food, pharmacology and cosmetics and many other related products).
Beneficiaries
The project covers Bangui, Ouaka and Haute-Kotto. The beneficiaries are young people and women, IDPs, returnees, host communities in these areas and the diaspora. The direct beneficiaries of the project are the 200,000 inhabitants of the project areas, 48% of whom are women. In addition to these direct beneficiaries, there are indirect beneficiaries, including residents of neighbouring prefectures, local and national service providers and financial intermediaries.
Participating Organization
Implementing
GOUVERNEMENT DE CENTRAFRIQUE MINISTERE DE L'ECONOMIE ET DES FINANCES
Funding
Transition Support Facility
