Zaire - Seventh Societe Financiere de Developpement (SOFIDE) Project
Binswanger, Hans P. | Khandker, Shahidur R | Rosenzweig, Mark R.
The Seventh Societe Financiere de Developpement (SOFIDE) Project will finance the foreign exchange component (US$33.5 million) of the capital investment requirements of subprojects approved by SOFIDE in the agricultural, transportation, industrial and agro-industrial sectors. At least US$5.0 million will be for export oriented projects and at most, US$4.0 million may be reserved for SOFIDE's equity participations, provided SOFIDE finds measures satisfactory to IDA to protect itself against the foreign exchange risk. The remaining US$2.5 million of the Credit will finance: (a) technical assistance and studies to improve industrial sector policy formulation and project selection (US$2.25 million); and (b) training and other assistance needed by CEPETEDE to help it improve its effectiveness as a training institute in project analysis and implementation (US$0.25 million).
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