CH-L1134 : Competitiveness and Productive Diversification Support Program

The general objective of the programmatic series is to promote productive transformation through economic diversification, improving the competitiveness of strategic sectors, and support for crosscutting projects representing major country challenges associated with productive transformation. The objective of the first individual operation is to support the implementation of a fund to promote public and public-private initiatives in strategic sectors that promote productive transformation. The specific objectives are to: (i) maintain a stable macroeconomic environment; (ii) consolidate a new institutional structure to identify and finance strategic investments for competitiveness in sectors with a high potential for economic growth and/or to address major country challenges associated with productive transformation; (iii) design, develop, and consolidate public-private intervention mechanisms to support productivity in strategic and crosscutting sectors that represent major country challenges associated with productive transformation; and (iv) establish monitoring and evaluation mechanisms to ensure proper execution of projects and fulfillment of their objectives. This loan is the first of two consecutive operations that are linked technically but financed independently under the programmatic policybased loan (PBP) modality.