📋 Tender Overview
Approval Date 19 Sep 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 6,000,000
Status Approved
Project General Description
Public Enterprise Governance Support Project (PEGSP) is an institutional support programme that focuses on modernising the governance of state-owned enterprises (SOEs) and improving their performance. It aims to improve the governance and performance of SOEs by modernising the regulatory framework governing these entities, strengthening the supervisory authority's financial monitoring and risk control capabilities, and introducing strategic planning tools. The project should help guarantee the viability of Mauritania's public finances and debt sustainability. More specifically, measures will be taken to improve the budgetary and accounting control of the by the supervisory authorities in order to improve the control and efficiency of public spending. Similarly, measures will be put in place to enable better monitoring of the financial situation of the SOEs and thus to better control the risks associated with them, especially in terms of their indebtedness. With regard to debt, the aim will be to build the capacity of the various parties involved, particularly in terms of debt sustainability analysis and risk quantification and management. Finally, particular attention will be paid to the issue of climate change and to raising awareness of this issue among SOEs, notably by carrying out carbon audits and assessing vulnerability to climate risks.
Project Objectives
The project objective is to improve the performance and governance of public enterprises with a view to reducing their burden on public finances, both in terms of subsidies and the budgetary risks associated with their debt.
Beneficiaries
The main direct beneficiaries of the project are the State structures which will benefit from the strengthening of institutional capacities, in particular (i) the general directorates of the Ministry of Finance (DTF, DDE); the DGFCE at the level of the MESD; and (iii) the SOEs. The indirect beneficiaries are the Mauritanian population, who will be able to access better quality public services, and Mauritanian private operators, who will be able to operate in more sectors open to competition.
