P-ZW-B00-001

Project Details
ID: P-ZW-B00-001 Name: INDUSTRIAL REHABILITATION PROJECT (ADB) Status: Closed Country: Zimbabwe
Sector: Ind/Mini/Quar Approval date: 17-avr-1990 Task Manager: ADENIJI Taiwo Olasupo, PICU3
Total cost: 1500
Currency: UAC
Source(s) of financing
AfDB: 100000000
Implementing Agency: RESERVE BANK OF ZIMBABWE

Objectives

The objective of the project was to make the country's industrial sector more competitive internationally through rehabilitating, replacing and modernizing worn out and obsolete machinery and equipment of industrial enterprises. The gains in competitiveness shall be attributable mainly to improvements in products quality and declines in unit production costs arising from the use of improved technologies. The project was also expected to help in the preservation of existing jobs and to generate new ones through the expansion of the activities of downstream and upstream firms. is to render the industrial sector more competitive internationally through rehabilitating, replacing and modernizing industrial plant and equipment.

Description

The project consists of the rehabilitation of a number of industrial enterprises in Zimbabwe. The proceeds of the loan will be utilized by beneficiary companies to procure capital goods and services required to rehabilitate, replace and modernize existing plant and equipment.

Benefits

In early 1988, the Government approached the ADB for assistance in its efforts to stimulate and adjust the industrial sector. Subsequently, it was agreed that given the lack of sufficiently detailed information on the resource requirements for industrial rehabilitation, and the markets for Zimbabwe's industrial products, an industrial sector study was first required before ADB could fashion its mode of intervention.

Rational

In early 1988, the Government approached the ADB for assistance in its efforts to stimulate and adjust the industrial sector. Subsequently, it was agreed that given the lack of sufficiently detailed information on the resource requirements for industrial rehabilitation, and the markets for Zimbabwe's industrial products, an industrial sector study was first required before ADB could fashion its mode of intervention.