📋 Tender Overview
Project ID: P171664
Region: Africa east
Commitment Amount: Us$ 100.00 million
Total Project Cost: Us$ 100.00 million
The project will focus on creating an enabling environment for linkages and value chain development, as well as supporting the private sector to effectively benefit from the economic opportunities that extractive megaprojects can bring.The project seeks to leverage the extractive investments to make them inclusive and impactful for local economic development. The project will seek to leverage private funding through an MFD approach notably from the main investors in megaprojects, but also investors in other sectors, to support this agenda. The project will complement IFC and other important players’ programs in this space. The project can contribute to the post-COVID recovery phase. Sequencing of activities will be designed to respond to the needs of the recovery phase. The design seeks to follow the bestexistingknowledge generated by the World Bank and others on COVID-19 economic response.3524.As ananchor program for private sector development, the project will be an important element as prevention and resilience mechanism against the risks of social unrest inthenorth of Mozambique, notably Cabo Delgado. The project will pursue that by supporting private sectorled economic development and shared value between linkages36and extractive industries. Firm-level support interventions will target selected categories of local MSMEs in conjunction with IFC ´s program activities so that finance for private sector development is maximized. The project seeks to increase the government capacity to maximize development impact and foster the capabilities of MSMEs to participate in the extractives’ linkages and related value chains. The project hasthreecomponents(i) regional focusedinterventions to enable firms based in Mozambique to benefit from economic linkages to extractives; (ii) nationalengagementsto enhance market access, coordination,and reforms; (iii) project implementation. The project prioritizes the Provinces of Cabo Delgado, Tete, and Nampula, which are some of main areas whereextractives investments are taking place
