Programme d’Appui à l’Ajustement du Secteur Privé (PAASP)


Project Summary

Approval Date 10 Dec 2003
Signature Date 16 Jan 2004
Planned Completion Date 30 Sep 2007
Last Disbursement Planned Date 31 Dec 2007
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 23,981,314.49
Status Completion

Project General Description

The Private Sector Adjustment Support Programme (PSASP) is designed because of Senegal's desire to pursuing reforms aimed at reducing internal and external imbalances. It aims to contribute to poverty reduction by creating a conducive environment for development of private initiative in a country where nearly 50.6% of the population lives below the poverty line. The PAASP program should support a range of ambitious reforms to improve the business climate and governance. To achieve these objectives, the programme earmarked 73 measures to be implemented under its five components, namely: (i) facilitation of private sector participation and strengthening of competitiveness (24 measures); (ii) continued fiscal and external trade facilitation (11 measures); (iii) continued reform of the groundnut sector (11 measures); (iv) continued reform of the postal and pensions sector (9 measures); and (v) Improvement of governance (18 measures). The support of the African Development Fund (ADF), under the project, should allow the implementation of the measures contained in two of the five components namely: (i) facilitating the participation of the private sector, and (ii) improving the governance.

Project Objectives

The overall objective of the PSASP is to contribute to poverty reduction by creating an enabling environment for the development of private initiative. The specific objectives were: to improve the business climate, improve private sector development, and consolidate strong and sustainable growth.

Beneficiaries

The beneficiaries of the program are: the Minister of Economy and Finance and the entire Senegalese population.

Participating Organization

Funding
African Development Fund
Extending
Government Of Senegal
Implementing
Ministry of Economy and Finance

Information

IATI identifier 46002-P-SN-KA0-005
Last Update 01 Feb 2023

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Contact Details

Name OBAYASHI Natsuko

Geographic Location

Country Senegal
Coordinates Location Name
14.5 -14.25 Senegal