Project News Details
Title:
Guinea - Domestic Resource Mobilisation and Business Formalisation Support Project (PAMORIFE)
Detail:
The Mobilisation of Domestic Resources and Business Formalisation Support Project (PAMORIFE) in Guinea is aligned with Pillar 1 of the National Economic and Social Development Programme (PNDES) which covers the period 2016-2020 and is based on four strategic thrusts: (i) the promotion of good governance for sustainable development; (ii) sustainable and inclusive economic transformation; (iii) inclusive human capital development; and (iv) sustainable natural capital management. This is a UA 8,500,000 Transition Support Facility (TSF) – Pillar I grant. The project, which covers the period 2020-2023, will contribute to improving domestic resource mobilisation through (i) broadening the tax base; and (ii) improving tax revenue control and audit systems. It will also have a positive impact on improving access to public procurement for local SMEs to encourage informal sector operators to switch to the formal sector. PAMORIFE has three components: (i) Support domestic resource mobilisation (ii) Support the formalisation of businesses and facilitate access to public procurement, and (iii) Project management. These components are mutually complementary. During its design, the project took account of the fragile nature of public institutions. Therefore, technical assistance will be made available for various reforms to ensure effective knowledge transfer.
Country:
Source:
African Development Bank Group
Published Date:
15.12.2020
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