|Approval Date||14 Dec 2016|
|Signature Date||17 Jan 2017|
|Planned Completion Date||31 Dec 2017|
|Last Disbursement Planned Date||31 Dec 2017|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
The Economic Governance Reform Support Programme, Phase II (PARGE-II) is the second of two programme-based general budget support operations (GBS) in favor of the Republic of Mali for the 2015-2016 period. The two operations are single-tranche operations. The first phase, PARGE-I, which was financed through a UA 15 million grant, was approved on 4 November 2015 and the resources disbursed on 15 December 2015. The present PARGE Phase II was adopted following the successful implementation of PARGE-I and previous budget support, the results of which contributed to the improvement of the national public financial management system and the development of the private sector. The previous operations, in particular the Emergency Economic Recovery Support Programme (PUARE) and the Emergency Governance and Economic Recovery Support Programme (PAUGRE) approved in 2013 and 2014 respectively, have, through the implementation of major structural reforms, created conditions for inclusive and sustainable growth that will gradually help the country to emerge from its situation of fragility. PARGE – II is focuse on the same components, namely: (i) Improvement of Public Expenditure Efficiency; and (ii) Support for Private Sector Development.
By enhancing economic governance, PARGE aims to help create conditions for strong and sustained inclusive economic growth driven by a better developed and more vibrant private sector. PARGE-II has the same operational objectives as PARGE-I, namely to: (i) improve fiscal decentralisation; (ii) enhance transparency in public procurement management; (iii) strengthen internal control in order to improve the use of public resources; (iv) improve the business environment; and (v) support private enterprise development and promote anchor investments.
PARGE-II will benefit the entire Malian population by improving public expenditure effectiveness and creating a more dynamic private sector. Improved public resource management will increase the delivery of basic social services and facilitate countrywide access to them. The implementation of the Program's reforms will improve the living conditions of vulnerable groups in general and women in particular in the northern areas that have suffered the greatest negative impact of this 2012 security crisis. The program as a whole will improve gender inequalities in Mali.
African Development Fund
Fragile States Facility
MINISTERE DE L'ECONOMIE ET DES FINANCES
Ministère de l'économie et des finances
|Last Update||01 Dec 2021|