|Approval Date||17 Jul 2019|
|Signature Date||14 Aug 2019|
|Planned Completion Date||30 Aug 2023|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
The Resource Mobilisation and Investment Attractiveness Support Project (PAIMRAI) is designed to assist Senegal in its efforts to foster strong, sustainable and job-creating economic growth. Specifically, it involves building resource mobilisation capacity to promote competitiveness in the direction set out in the Emerging Senegal Plan (PSE). The project will focus on the effective implementation of reforms in special economic zones, the preparation of a new investment code as well as on industrial competitiveness policy. The dual fiscal challenge is to improve revenue while promoting investments. Hence, 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 activities will last 48 months, with an estimated total cost of UA 12.04 million, net of taxes and customs duties.
The project's overarching objective is to strengthen the capacity to mobilise domestic resources for Emerging Senegal Plan (PSE) financing, and to enhance investment competitiveness and attractiveness in key sectors.
The project's main direct beneficiaries are the State structures that will be provided with institutional capacity building, including Directorate General for Taxes and Lands (DGID), Planning and Economic Forecasting Department (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.
African Development Fund
GOUV. DU SENEGAL /MINISTERE DE L'ECO. DES FINANCES ET DU PLAN
|Last Update||11 Jul 2020|