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
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 10,840,000
Status Implementation

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
African Development Fund
Implementing
GOUV. DU SENEGAL /MINISTERE DE L'ECO. DES FINANCES ET DU PLAN

Information

IATI identifier 46002-P-SN-KA0-015
Last Update 11 Jul 2020

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Contact Details

Name ARVANITIS Yannis
Email y.arvanitis@afdb.org

Geographic Location

Country Senegal