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Title:
Gabon - Economic Reforms Support Programme (PARE)
Detail:
The proposed operation is an AfDB loan of EUR 50 million to the Republic of Gabon to finance the Economic Reform Support Programme (PARE). It is the first phase in a programme-based series of two General Budget Support (GBS) operations covering the period 2021-22 as outlined in the CSP. This first phase of “PARE” is a multi-year programme framework and a list of reform measures considered to be indicative triggers for the second phase. This programme-based approach helps to facilitate aid predictability and its alignment with national policies to create the conditions for a post-COVID-19 economic recovery. The purpose of PARE is to support Gabon’s efforts to exit the COVID-19 pandemic-related crisis and to revive its economy in line with its ambitious development programme, the PSGE. PARE will provide: (i) financial assistance to offset the drastic drop in oil revenues; (ii) support to public finance reforms to help rebuild the State’s budgetary headroom; and lastly (iii) support for the revival of priority sectors by improving the business environment and transparency in the forestry sector.
Country:
Gabon
Source:
African Development Bank Group
Published Date:
N/A
URL:
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Regions:
Africa Sub-Saharan Africa
Sectors:
Construction Computer Hardwares and Consumables
Export requests Import requests Partnership requests Service requests