The project's overall objective, which is in support of the Government's strategy, is to restore production and efficiency in a selected group of major industrial and agro-industrial enterprises. More specifically, the project aims to: (a) introduce a framework and criteria for selecting enterprises for rehabilitation, based on potential economic, financial and technical viability, and on management capacity to operate efficiently and profitably; and (b) finance the rehabilitation, financial restructuring and operational support to selected enterprises. The restructuring process would, where appropriate, include: (c) rationalization of capacity, privatization, technical partnership arrangements, or if necessary, closure of nonviable operations; (d) protect the environment and worker safety; (e) strengthen the Government's capacity to implement the rehabilitation program; and (e) support policy reforms and subsector reviews to strengthen enterprise operations in a market-oriented environment.
Details
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Document Date
1989/11/21
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Document Type
Staff Appraisal Report
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Report Number
7826
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2010/06/18
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Disclosure Status
Disclosed
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Doc Name
Mozambique - Industrial Enterprise Restructuring Project
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Keywords
foreign exchange;foreign exchange allocation;small and medium enterprise development;financial restructuring;industrial sector;conversion of debt into equity;small and medium-scale enterprise;Small and Medium Scale Enterprise;security situation;access to foreign exchange;banking system;deposit rate of interest;legal and regulatory framework;structure of interest rates;efficiency of resource use;positive real interest rates;efficiency in resource allocation;balance of payment;individual enterprise;private sector involvement;national planning commission;exchange rate adjustment;foreign exchange retention;enterprise balance sheet;duty drawback scheme;domestic credit expansion;rehabilitation plan;production capacity;enterprise rehabilitation;raw material;import substitution;foreign exchange loss;proportion of arrears;risk of resistance;inappropriate policy environment;direct fiscal subsidy;direct equity investment;pace of divestiture;closure of operation;flexible exchange rate;ex post review;state trading company;amount of debt;availability of imports;foreign exchange resource;overvalued exchange rate;natural resource base;foreign private investment;flexible pricing policy;open trade regime;parallel market rate;private sector entrepreneur;centrally planned economy;financial management expertise;corporate legal framework;introduction of competition;local banking system;reallocation of resource;foreign exchange risk;adjustable interest rates;foreign exchange requirement;private sector activity;recovery of investment;central planning process;external debt service;exchange rate risk;repatriation of capital;customs duty exemption;foreign direct investment;level of capacity;raw material supply;condition of sale;domestic investment law;import license;supply response;incentive system;imported inputs;rehabilitation program;partnership arrangement;investment credit;industrial employment;
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Citation
Mozambique - Industrial Enterprise Restructuring Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/301131468324573434/Mozambique-Industrial-Enterprise-Restructuring-Project