Third Economic Management and Competitiveness Credit

Projenin amacı

Project Development Objective (Note: will be disclosed in the MOS)The Third Economic Management and Competitiveness Credit (EMCC3) -the last in this programmatic series- aims to contribute enhanced competitiveness to boost growth and poverty reduction. The EMCC series supports selected priorities in the Governments overall structural refom program set out in its Socioeconomic Development Plan 2011-15 (SEDP).Board Schedule CommentsEMCC-3 -which has been delayed from last FY due to slower than expected progress in program implementation- is expected to be presented to the Board during Q3/FY16. Feasibility of the current timeline will depend on further progress in the implementation of agreed triggers and there is a high risk of slippage. The team will continue to monitor progress closely and update milestones accordingly in close coordination with the CMU>

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