Cote d'Ivoire - Economic and Social Reform Support Programme (PARES)


Project Summary

Approval Date 26 Nov 2019
Signature Date 02 Dec 2019
Planned Completion Date 31 Dec 2020
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 60,198,413.97
Status Implementation

Project General Description

The proposed intervention concerns the grant of an AfDB loan of EURO 75 million to finance the Economic and Social Reform Support Programme (PARES) in the form of a programme support operation (PSO) over the period 2019-2021. The programme seeks to support the Côte d'Ivoire Government's efforts to improve the efficiency and transparency of public spending in favour disadvantaged persons by increasing access to basic social facilities and social inclusion actions. The relevance of the Bank's support through a stand-alone programmatic support operation is justified by the need to bridge the additional financing gap resulting from the government's willingness to address the incidence of poverty which remains high in the country despite the country's economic performance. The programme will consist of two components: (i) support for the efficiency and transparency in public expenditure; and (ii) support for social inclusion reforms. These two components are complementary in order to ensure the efficiency and transparency of public financial management and to implement the necessary social reforms needed for better sharing of the fruits of growth.

Project Objectives

The programme’s main objective to increase public resources allocation for disadvantaged populations through the strengthening of the efficiency and transparency of public spending in order to improve their access to basic social infrastructure and social inclusion.

Beneficiaries

PARES will benefit the entire population of Côte d’Ivoire. Activities supported by the programme will directly benefit the people. The activities supported by the program will directly benefit the populations. With regard to the component on improving the efficiency and transparency of public spending, the beneficiaries will be: (i) young people and women through the protection of social spending (health, education, youth employment) etc.) and the allocation of substantial resources to the social sectors; (ii) the private sector, which will benefit from transparency and healthy competition in public procurement. The implementation of redistributive economic policies for vulnerable groups will reduce social inequalities and strengthen social inclusion with a positive impact on labour productivity. Cash transfers to extreme poverty households will positively impact domestic demand.

Participating Organization

Funding
African Development Bank
Implementing
GOUVERNEMENT DE LA COTE D'IVOIRE MINISTERE DE L'ECONOMIE ET DES FINANCES

Information

IATI identifier 46002-P-CI-KA0-010
Last Update 08 Jul 2020

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Contact Details

Name IBRAHIM Amadou
Email i.b.amadou@afdb.org

Geographic Location

Country Cote d'Ivoire