11TH European Development Fund Implementation Report 2017- 2023

Costs/Financial Reporting

The EDF11 RPSDP closed with an implementation rate of 93.57%. The finalised financial report for the period 01 January 2017 to 30 September 2023 shows total expenditure of EUR25,756,314, over the approved EU budget of EUR27,525,000. The programme commenced on 01 January 2017 and was scheduled to close in December 2022. However, following lengthy discussions, it was extended in December 2022, at no additional costs, to 30 September 2023.

The programme had 3 main component outcomes which guided delivery of activities, these included: 1. Build Private Sector Capacity Firm Level – ended with an implementation rate of 89.15% 2. Strengthen BSOs to support Private Sector – ended with an implementation rate of 98.65% 3. Strengthen Public Private Dialogue – ended with an implementation rate of 97.44%

Direct costs for activities under these components resulted in expenditure of 93.57% or EUR24,209,573.

Implementation of the 11th European Development Fund (EDF) Regional Private Sector Development Programme (RPSDP)

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