PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB4299 Development, Empowerment and Conservation in the Public Disclosure Authorized Project Name iSimangaliso Wetland Park and Surrounding Region Region AFRICA Sector Forestry (30%); Fresh Water (40%) and Biodiversity (30%) Project ID P086528 GEF Focal Area Biodiversity Borrower(s) SOUTH AFRICAN GOVERNMENT Implementing Agency iSimangaliso Wetlands Park Authority, KwaZulu-Natal Private Bag X05, Saint Lucia 3936 South Africa Tel: (27-35) 590-1633 Fax: (27-35) 590-1602
[email protected] Environment Category [ ] A [X] B [ ] C [ ] FI [ ] TBD (to be determined) Public Disclosure Authorized Date PID Prepared April 23, 2009 Date of Appraisal April 30, 2009 Authorization Date of Board Approval July 26, 2009 1. Country and Sector Background Government Strategy for Economic Growth and Poverty Reduction The fifteen years since the end of apartheid have witnessed South Africa’s transformation into a stable and robust economy. Prudent economic management and a supportive global environment have helped the country attain a 4% average annual economic growth rate over the past ten Public Disclosure Authorized years. In 1996 the South African Government introduced a macroeconomic strategy of structural adjustment (the Growth, Employment and Redistribution strategy, or GEAR), based inter alia on tight fiscal discipline, attracting foreign direct investment, expansion of private investment, promotion of higher domestic saving, and industrial competitiveness. In the subsequent years there was in effect a move away from a broad strategic statement on poverty reduction, as in the Reconstruction and Development Program (RDP), towards sector specific programs pursued through a wide range of government departments and agencies from nation to provincial to local levels.