The proposed project seeks to strengthen governance and management of State Enterprises and Parastatals (SEPs) thereby reducing fiscal risks and facilitating economic recovery. Improved corporate governance and financial oversight of SEPs are meant to promote efficiency in public expenditure management, increase returns to treasury through declared dividends, reduced fiscal risks as reflected in lower contingent liabilities. SEPs reform is an integral and critical support for arrears clearance and sustainable debt management, hence critical for macroeconomic stabilisation. The key expected outputs include improved human capacity, SEPs centralised agency established and operationalised, five performance reviews undertaken, and Corporate Governance Management Information System developed, gender and climate change guidelines developed and mainstreamed, among others. The Project has three components, namely: (a) strengthening financial performance of state enterprises; (b) enhancing corporate governance and financial oversight; and (c) Project management. The project contributes to climate finance, with 1 million USD of the total approved amount dedicated to adaptation.

Zimbabwe

African Development Bank Group

Africa Southern Africa Sub-Saharan Africa

Printing and Publishing Construction Computer Hardwares and Consumables Steel

30.10.2023

Original Url