Senegal - Resource Mobilisation and Investment Attractiveness Institutional Support Project (PAIMRAI)


Project Summary

Approval Date 17 Jul 2019
Signature Date 14 Aug 2019
Planned Completion Date 30 Aug 2023
Last Disbursement Planned Date 30 Aug 2023
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 10,840,000
Status Implementation

Project General Description

The present intervention concerns the Resource Mobilisation and Investment Attractiveness Institutional Support Project (PAIMRAI). PAIMRAI is an institutional support project that will focus on internal resource mobilisation and investment attractiveness in strategic sectors under the Emerging Senegal Plan (PSE). The project aims to mobilise domestic (fiscal) resources without prejudice to the mobilisation of external resources (FDI). The dual fiscal challenge is to improve revenue while promoting investments. The project has three (3) complementary components: (i) strengthen tax policy and administration of financial authorities for revenue mobilisation (ii) competitiveness and structuring of PSE strategic projects, and (iii) project management.

Project Objectives

The project's overarching objective is to strengthen the capacity to mobilise domestic resources for PSE financing, and to enhance investment competitiveness and attractiveness in key sectors.

Beneficiaries

The project's main direct beneficiaries are the State structures that will be provided with institutional capacity building, including General Directorate of Taxes and Estate Management (DGID), DGPPE, General Directorate of Public Accounting and Treasury (DGCPT), Public Expenditure Authorisation Directorate (DODP), Operations Monitoring Office (BOS), National Agency for Investment and Major Works Promotion (APIX), the Senegalese Standards Association, the Ministry of Industry and the Ministry of Economy. The indirect beneficiaries will be taxpayers, whose tax transaction costs will be reduced, and the Senegalese people through the jobs created by investments attracted.

Participating Organization

Funding
African Development Fund

Information

IATI identifier 46002-P-SN-KA0-015
Last Update 07 Oct 2019

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Contact Details

Name ARVANITIS Yannis
Email y.arvanitis@afdb.org

Geographic Location

Country Senegal