|Approval Date||15 Dec 2017|
|Signature Date||22 Dec 2017|
|Planned Completion Date||31 Dec 2018|
|Last Disbursement Planned Date||30 Jun 2018|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15110|
PACE-I is the first phase of a series of two programmatic budget support operations covering the 2017 and 2018 budget years with an overall indicative allocation of UA 18 million. The Program aims to consolidate the gains of previous budget support and contribute to sustained economic growth through better mobilization of public resources, improved efficiency of public spending and development of the private sector. The program is a continuation of previous budget support, the results of which have helped to improve the national system of public financial management and private sector development. Indeed, previous operations, in particular PARGE I and II "Support Program for Economic Governance Reforms" respectively in 2015 and 2016, have made progress in the areas of: (i) public procurement management; (ii) fiscal decentralization; (iii) the effectiveness of internal control; (iv) the promotion of investments and the development of private enterprises; and (v) the business environment. The progress made through the PARGE has thus made it possible to create the conditions for inclusive and sustainable growth for a gradual exit of the country from the situation of fragility. PACE-I presents the multi-year program framework and provides a list of reform measures in 2017 as prior actions and triggers for the second phase in 2018 (PACE-II).
The overall objective of PACE-I is to contribute, through the strengthening of the sustainability of public finances and the implementation of structural reforms, to the creation of conditions for strong economic growth, sustained, inclusive and driven by a more dynamic private sector. The program aims to focus on reforms aimed at: (i) improving the mobilization of public resources; (ii) enhance the effectiveness of public spending to increase its impact on the economic and social development of the country; (iii) support the competitiveness of the economy with particular emphasis on private sector development and support for energy sector reforms and; (iv) strengthen inclusive development through strengthening decentralization and improving social inclusion.
PACE-I will benefit the Malian population as a whole. Strengthening public financial management increases the supply and facilitates access to basic social services. Supporting greater competitiveness of the economy will enable the emergence of dynamic entrepreneurs, helping to create the basis for sustained and inclusive growth. Vulnerable populations are the beneficiaries of reforms aimed at a more inclusive development with the provision of local public services. The other beneficiaries are the public administrations involved in the Program, whose implementation of the reforms will strengthen the technical and operational capacity to provide quality public services.
African Development Fund
Fragile States Facility
Ministère de l’Économie et des Finances (MEF)
|Last Update||07 Oct 2019|