📋 Tender Overview
IATI identifier 46002-P-BI-KF0-008
Country Burundi
Sector Multi-Sector
High 5 Improve Life of People in Africa
Sovereign / Non-Sovereign Sovereign
Environmental Category [3] Low Risk
Climate Safeguards Categorization [3] Projects are not vulnerable to climate risk.
Gender Marker System Categorization [GEN II] Gender Outcomes
Commitment (UA) 10,600,000
Project General Description
The proposed operation is an ADF-16 Grant, not exceeding UA 10.6 million, to the Republic of Burundi, for the Financial Governance and Investment Promotion Support Project (PAGFPI). This support is justified by the need to back up structural reforms in order to overcome economic and institutional challenges, in accordance with the strategic guidelines of the Bank and the Government, and as a means of consolidating the Bank’s previous economic and financial governance operations in Burundi. The project aims to mitigate the country's fragility factors and strengthen its economic and social resilience. PAGFPI has three components, namely : (i) Improved financial governance support ; (ii) Public investment programming and PPP promotion support ; and (iii) Economic reform coordination and project management. PAGFPI outputs therefore serve as concrete levers for ensuring transformation, their gradual implementation will facilitate achievement of the desired structural outcomes. Accordingly, activities financed by PAGFPI will strengthen technical skills and institutional capacities critical to improve PEFA indicators on public revenue management and public investment management.
Project Objectives
The Financial Governance and Investment Promotion Support Project (PAGFPI) aims to improve economic and financial management and promote an enabling environment for private investments, with a view to ensuring inclusive and sustainable economic growth. The project’sspecific objectives are to : (i) boost tax revenue collection by supporting the OBR programme in broadening the tax base ; (ii)strengthen debt management and support analytical capacity-building to ensure better risk monitoring ; (iii) build the capacity of internal and external audit institutions ; (iv) strengthen investment programming and planning ; and (v) promote public-private partnerships.
Beneficiaries
The beneficiary project area is the entire country. The direct beneficiaries of this institutional support are mainly the State entities responsible for public finance management and control, tax administration and private sector promotion entities. The indirect beneficiaries are private sector operators and the entire population, including women and young people, thanks to the allocation of resources to priority sectors of the NDP. In addition, the project approach will provide numerous opportunities to share the project outcomes with a wider audience and get them involved in project activities, particularly in promoting public financial management transparency. The stakeholders who will benefit from
