PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

574967

Primary Business Area

Investment Climate

Disclosure Date

Feb 22, 2011

Country

Sudan

Region

Africa

IFC Approval Date

Jan 12, 2011

Status

Completed

Estimated Total Budget

$3,000,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Jan 1, 2011

Project Description

The three-year program supports Government of Southern Sudan in raising employment and incomes through increased private investments in target sectors, greater formalization of the economy, and enhanced enterprise competitiveness. The program helps strengthen at least eight key institutions, including appropriate legal frameworks, by enacting eight laws to reduce by 20 percent the time and cost to deliver services to investors and to effect a 20 percent direct compliance cost savings. Objectives include: 1) at least 15 new high-quality investments in non-oil sectors, focusing on agribusiness, valued at $90 million, and generating at least 300 direct jobs (and 300,000 indirect jobs), at least half of them based outside of Juba; 2) increase in new business registrations to 13,000 from the current 8,000 registered businesses; 3) decentralization of the registry to at least three additional states, including establishment of a One-Stop Shop; and 4) use of alternative dispute resolution in at least 200 businesses disputes.