|Approval Date||29 Nov 2018|
|Signature Date||03 Dec 2018|
|Planned Completion Date||30 Dec 2019|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The proposed operation concerns a EUR 150 million AfDB loan to finance the second phase of the Competitiveness and Economic Growth Support Programme (PACCE II). PACCE is a multi-year programme-based operation that covers three years (2017, 2018 and 2019). PACCE I, which was approved in December 2017, provided a list of reform measures considered as indicative triggers for the second phase (PACCE-II). PACCE II is designed to complement PACCE I and consolidate past achievements. This is a programme-based support operation anchored in the Government's development strategy as defined in the interim Growth and Employment Strategy Paper (GESP) for 2010-2020. The Programme is structured around two (2) mutually interdependent and complementary components: (i) streamline the public finance management framework; and (ii) strengthen governance and competitiveness in productive sectors.
PACCE seeks to support the implementation of GESP and Three-Year Emergency Plan (PLANUT), which strive to accelerate growth and reduce unemployment and the incidence of poverty. To that end, the proposed programme aims at: (i) consolidating the State's fiscal position by streamlining public expenditure in order to build up fiscal buffers needed to finance priority investments; and (ii) creating favourable conditions for sustainable and inclusive growth by strengthening the governance and competitiveness of productive sectors through improvement of the efficiency and quality of road and energy infrastructure, as well as the legal, regulatory and institutional environment.
The programme beneficiaries remain the same as in PACCE I. The direct beneficiaries are the Government of Cameroon, through the Ministries and administrations in charge of the Economy, Finance, Agriculture and Rural Development, and Stockbreeding and Fisheries, Public Works and Energy. The effects of economic growth through the creation of sustainable jobs in the agro-pastoral sector, in particular, will ultimately benefit the Cameroonian population. The private sector, particularly SMEs of the troad sub-sector, notably those run by women and young people in rural areas, are indirect beneficiaries of PACCE.
African Development Bank
MINISTERE DU PLAN - DE L'AMENAGEMENT DU TERRITOIRE
|Last Update||18 Feb 2020|
|Name||LUMBILA Kevin Numbi|