|Approval Date||06 Jul 2011|
|Signature Date||27 Jul 2011|
|Planned Completion Date||30 Sep 2013|
|Last Disbursement Planned Date||30 Sep 2013|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The present intervention concerns the Economic Reform Support Programme (PARE) 2011-2013. It's designed in a context marked by relative political stability. The context is also marked by a recovery of activities, despite a challenging business climate and the weak support to SMEs. The public finance situation remains fragile. PARE should translate into better budget management and contribution by SMEs to GDP. This help to improve public service delivery, create employment and generate income. PARE should contribute to narrowing the financing gap of Government financial operations and improve fiscal discipline. This is crucial for macroeconomic stability. PARE entails two components: (i) support to public finance management improvement; and (ii) support to SME promotion.
The goal of PARE is to contribute to improving financial governance and the business climate necessary for achieving the Economic and Social Policy Paper (DPES) objectives. The specific objective of the programme is to improve public finance management and promote SMEs (wealth creation).
The main programme beneficiary are the Senegalese population. In terms of outputs and outcomes, PARE should directly strengthen institutions in charge of implementing reforms, notably those under the Ministry of Economy and Finance (DGCPT, DGID, DGD, DGCMP and ARMP), the Court of Accounts, APIX and the Ministry of SME-SMI Development (ADEPME), Ministry of Transport (FERA) and SENELEC. Besides, local governments should have timely access to budgetary resources allocated to them. Lastly, the programme should also benefit SMEs by facilitating their access to finance, public contracts and improved governance in the electricity sector.
African Development Fund
Ministry of Economy and Finance (MEF)
Ministère de l'Economie et des Finances
|Last Update||25 Mar 2023|
|Name||MAHDI AHMED ISMAIL Mahdi|