|Approval Date||31 Oct 2018|
|Signature Date||12 Nov 2018|
|Planned Completion Date||30 Jun 2020|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The Economic Competitiveness Support Programme (PACEB-I) is a set of two programmatic budget support operations spanning Fiscals 2018 and 2019, with a total funding budget of UA 13 million. This new reform support operation comes in continuation of the Benin Energy Sector Support Programme (PASEBE) approved in 2017 by the Bank to support essential emergency measures put in place by the Government to address the country’s severe energy crisis. PACEB is divided into two complementary components, namely (i) Strengthening the investment environment and (ii) Improving energy governance and inclusion. These two components contribute to the implementation of reform measures aimed at removing the main constraints on competitiveness of Benin’s economy and reducing spatial disparities in access to energy. This support constitutes the first phase I of The program (PACEB-I).
PACEB aims to contribute towards creating conditions conducive to strong and inclusive economic growth by boosting Benin's economic competitiveness. More specifically, the programme will contribute to: (i) the establishment of a legal and regulatory framework conducive, on the one hand, to the development of a structured private sector that creates added value and, on the other hand, to the optimization of public investment; and (ii) strengthening energy sector governance to fill the energy gap and ensure more inclusive access.
PACEB’s direct beneficiaries are the Ministry of the Economy and Finance through financing of the national budget, the Ministry of Energy, AER, SBEE, CEB and all private sector actors. Indirectly, the programme will benefit the Benin population as a whole. It will definitely lay the groundwork for a structural transformation of the economy around viable private and public investment projects that are engines of strong and sustainable economic growth and socioeconomic well-being thanks in particular to the induced improvement in basic public services (health, education, drinking water, etc.), private sector development, job creation and reduction of urban social insecurity.
African Development Fund
GOUVERNEMENT DE LA REPUBLIQUE DU BENIN MINISTERE DES FINANCES
|Last Update||07 Aug 2020|