Project News Details
Title:
Senegal - Resources Mobilization and Reforms Effectiveness Support Program Phase III
Detail:
PAMRER is a programme-based series of three (3) consecutive General Budget Support (GBS) operations initially covering the 2019, 2020 and 2021 fiscal years. The programme seeks to strengthen domestic resource mobilisation and strategic reform management to attract private investment to Senegal. Following the satisfactory implementation of the first phase in 2019, the second phase was approved in 2021, with a one-year delay, due to the outbreak of the COVID-19 pandemic. The Bank and the Government agreed to implement an Emergency COVID-19 Response Support Programme (PUARC) in 2020. Therefore, PAMRER II was implemented in 2021, after the satisfactory implementation of PUARC. Some adjustments have been made to the programme to better align it with the post-COVID recovery objectives set out in the Adjusted and Accelerated Priority Action Plan 2 (PAP2A 2019-2023) adopted by the Government in 2021 to support strong and inclusive growth driven by the private sector. The adjustments made to PAMRER focused on additional measures to support the country's industrialisation by promoting import substitution and public-private partnerships. The selected measures include the establishment of a governance framework for implementing an industrial policy, the signing of decrees on procedures for establishing pharmaceutical companies, and the adoption of a new PPP law. It should be noted that PAMRER implementation is also supported by the Domestic Resource Mobilisation and Investment Attractiveness Institutional Support Project (PAIMRAI). Climate finance is not attributed to this project.
Country:
Source:
African Development Bank Group
Published Date:
29.11.2022
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