|Approval Date||18 Jul 2018|
|Signature Date||28 Aug 2018|
|Planned Completion Date||30 Jun 2020|
|Last Disbursement Planned Date||30 Jun 2020|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
The Energy Sector Reform Support Programme (PARSE) is a continuation of the Energy Sector Support Programme (PASE) financed by the Bank in 2015 through an energy crisis response budget support (CRBS) to Burkina Faso. PARSE’s main objective is to create conditions for inclusive access to energy in Burkina Faso. PARSE will be implemented in the form of a multi-tranche sector budget support (SBS) programme covering the 2018 and 2019 financial years. It will be financed by a UA 15 million ADF loan. In keeping with the Bank’s policy on programme-based support operations (PSOs), disbursement will be made in two respective tranches of UA 10 million and UA 5 million, subject to fulfilment of a number of conditions precedent. The programme comprises two complementary components: (i) Improve the Energy Sector Regulatory and Investment Management Framework; and (ii) Support the Enhancement of Energy Sector Financial Governance and Promote Energy Inclusion. The measures contained in the two components will contribute to creating the conditions needed to increase public and private investments in the sector, which are essential for inclusive access to energy.
PARSE’s main objective is to create conditions for inclusive access to energy by establishing a sector regulatory and management framework that is attractive to private investors and increasing investments in energy in rural areas. More specifically, the programme will contribute to: (i) improving the sector legal and institutional framework; (ii) strengthening the governance of key sector entities; (iii) establishing a framework conducive to public and private investment; and (iv) increasing energy investments in rural areas.
The direct programme beneficiaries are the reform implementation entities, i.e. the Ministry of Energy, the Ministry of Finance and Development, the Ministry of Industry and Trade, SONABEL, SONABHY, ARSE and ABER. The indirect beneficiaries are private sector operators, especially micro-, small-, and medium-sized enterprises whose activities heavily depend on energy, and operators wishing to invest in the energy sector. The programme will enable them to improve the competitiveness and productivity of SMEs, and facilitate private sector involvement in energy generation and distribution. The programme end-beneficiaries are the country’s population, 6% of whom will have regular access to electricity, especially rural dwellers.
African Development Fund
Ministère de l’Economie, des Finances et du Développement
|Last Update||31 Oct 2019|
|Name||EKPO Alain Fabrice|