|Approval Date||22 Nov 2017|
|Signature Date||15 Dec 2017|
|Planned Completion Date||30 Dec 2019|
|Last Disbursement Planned Date||30 Jun 2018|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15110|
The Program to Support Competitiveness and Economic Growth (PACCE) is a General Budget Support (GBS) operation EUR 180 million of the ADB Group for the State of Cameroon for the period November 2017 -December 2018. It aims to contribute to laying the foundations for accelerated, resilient and inclusive economic growth through the improvement of the Public Financial Management (PFM) framework as well as the strengthening of governance and the competitiveness of the productive sectors (transport, energy and agriculture). PACCE is a balanced program that combines PFM, public investment, sector governance, and economic competitiveness reforms. The package of reform measures contained in this program is articulated around two mutually interdependent and complementary components. Component 1, on streamlining the PFM framework, will strengthen macroeconomic stability, create fiscal space, prioritize public investment projects, and stimulate growth. The measures proposed in component 2, on strengthening governance and the competitiveness of the productive sectors, will help reduce the costs of transport and electricity access factors, attract private investment, boost growth through agribusiness development, strengthen fiscal consolidation measures through increased tax revenues that should come from a more dynamic private sector.
The overall objective of the program is to accompany the implementation of the DSCE for Cameroon, in which the private sector is expected to play a leading role in key sectors of the economy, and contribute to economic diversification and job creation for the benefit of the population, especially young people and women. The specific objectives of the program are: (i) improvement of the quality of public expenditure; and (ii) strengthening the governance and competitiveness of the productive sectors, namely the agro-pastoral and fisheries sectors, transport and energy.
The beneficiaries of the program are the State of Cameroon, through the ministries and administrations in charge of Economy, Finance and the Ministry of Agriculture and Rural Development, and Livestock and Fisheries, public works and Energy. The effects of economic growth through the creation of sustainable jobs in the agropastoral sector, in particular, will ultimately benefit Cameroonian citizens. The private sector, especially SMEs, particularly those run by women and youth in rural areas, are also indirect beneficiaries of the PACCE. Indeed, the program's measures in relation to the energy, transport and rural development sectors will enable people to benefit in the medium term from better access to electricity, better maintained roads, equitable access to public procurement, and an environment conducive to the development of their activities.
African Development Bank
Structural Reforms Implementation Monitoring Committee
|Last Update||31 Oct 2019|
|Name||LUMBILA Kevin Numbi|