PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

594467

Primary Business Area

Investment Climate

Disclosure Date

Apr 3, 2013

Country

Sao Tome and Principe

Region

Africa

IFC Approval Date

Jan 20, 2013

Status

Completed

Estimated Total Budget

$1,136,786.00
(Project budget includes all project-funded activities)

Last Updated Date

May 23, 2019

Project Estimated End Date

Jun 30, 2016

Project Description

The objective of the project is to support of the Government's strategic vision, leading to an increase in revenues from tourism and meaningfully improve the regulatory governance of Sao Tome and Principe. This will be achieved through the following components:
Component I: Support the government's vision to address regulatory constratints
- Enable simplified online visa issuance.
- Analyze the regulations in urban planning and construction licensing. A special regulatory emphasis will be on preservation of natural resources and access to resources, such as energy.
- Increase transparency in the business entry process and automatization of steps.
- Support the process of codifying and simplifying registration of microbusinesses at the local level.
Component II: Improve regulations fostering trade and enterprise growth
- Trade Facilitation: A new single window for trade to be made operational with IFC support and ICFs assistance and provision of necessary inputs. This aims at an increase in trade volume, targeting specifically exports.

Development Results