PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

562251

Primary Business Area

Investment Climate

Disclosure Date

Aug 6, 2009

Country

Congo, Democratic Republic of

Region

Africa

IFC Approval Date

Apr 10, 2008

Status

Completed

Estimated Total Budget

$3,322,271.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Apr 1, 2008

Project Description

The project assists the government of the Democratic Republic of Congo with creation of privately managed special economic zones that provide a location for companies to invest, create jobs, and produce goods and services in a relatively “normal” business environment. The objectives are: 1) to jump start investments that otherwise would not take place; 2) to test new policies (such as private infrastructure service provision, streamlined bureaucracy, modern labor regime, and so on) before spreading them to the rest of the country; and 3) to circumvent inefficient and often corrupt procedures and practices, and provide models for reform.