📋 Tender Overview
Project Summary
Approval Date 06 Apr 2023
Planned Completion Date 31 Dec 2027
Last Disbursement Planned Date 31 Dec 2027
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 1,000,000
Status Approved
Project General Description
The Public Debt Sustainability Support Project (PASDP) will support the objectives of the Emerging Comoros Plan - ECP (2020 - 2030), and in particular its first catalyst relating to a reformed and more stable political and institutional framework. Indeed, support to public debt sustainability will contribute to the improvement of institutional capacities, which are necessary for sustainable and secure access to financial resources. The objective of the PASDP is to improve the country's resilience by strengthening institutional capacities for accountable, transparent and results-based debt management. The project will be structured around two functional components and a management component as follows: (i) Strengthening Core Functions and Stakeholder Coordination; (ii) Support to Data Management and Public Debt Transparency and; (iii) Project Management. Improved public debt management will contribute to better public financial management and macroeconomic stability, without which Comoros will have difficulty accessing concessional resources on a sustainable basis. The total cost of the project is 1,100,000 Units of Account, of which 1,000,000 is financed by the Bank Group and 100,000 represents counterpart funds provided by the Government through an in-kind contribution.
Project Objectives
The objective of the Public Debt Sustainability Support Project is to improve the country's resilience through institutional capacity building for accountable, transparent and results-based debt management. It will improve the planning, management and coordination capacities of the Comorian public debt. The expected effects at the end of this operation are an improvement in (i) the CPIA "debt management policy" score and (ii) the percentage of arrears/refunds owed by the State.
Beneficiaries
The project activities will mainly benefit the Public Debt Directorate. The following other institutions will also benefit from PASDP support: the Public Accounting Directorate, the Treasury Directorate, the MFBSB Computer Centre, the Unit in charge of Public Debt within the Central Bank, the General Planning Commission, ANACEP and INSEED. These institutions are all (except ANACEP) members of the Technical Committee for Debt Management which will be supported by the project, with a view to better coordination of these institutions. The awareness-raising sessions with the private sector and civil society will also enable a better understanding by these actors of the state of the country's debt and the prospects envisaged by the Government.
Participating Organization
Funding
Transition Support Facility
Implementing
MINISTERE DES FINANCES,DU BUDGET,DE L'ECONOMIE, ET DU PLAN
