|Approval Date||30 Jun 2021|
|Signature Date||03 Aug 2021|
|Planned Completion Date||30 Jun 2022|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
The Resource Mobilisation and Reform Effectiveness Support Programme II (PAMRER II) is the first phase of a series of three programme-based budget support operations covering the 2019, 2020 and 2021 financial years. Phase I of PAMRER focused on the launching of reforms and establishment of the related analytical and coordination frameworks. Phase II of PAMRER in 2021 aims to consolidate the achievements of Phase I and bring to maturity the programme’s texts, actions and commitments. More specifically, it supports (i) the effective establishment of legal and operational frameworks for fiscal transparency and automatic exchange of information, (ii) a shift from pilot phases to significant taxpayer coverage through tax system digitisation, (iii) the improvement of fiscal transparency, (iv) establishment of a framework for the new Investment Code and the industrial policy, (v) effective Special Economic Zones (SEZ) operationalisation, (v) approval of a new PPP law and the crafting of the new private sector development strategy and, lastly (vi) strengthening of public debt-related risk management. The programme has two main components, namely (1) domestic resource mobilisation and broadening of the tax base and (2) support for recovery by implementing strategic reforms and projects to improve the attractiveness of investments.
The objective of the project is to strengthen domestic resource mobilisation and strategic reform management to improve the attractiveness of investments.
The direct programme beneficiary is the Government of Senegal. However, the entire programme will benefit the whole population. A better adapted fiscal policy should increase Government’s resources and help to finance public services, thus improving the living conditions of the population. A more efficient tax administration should lower transaction costs for taxpaying individuals and reporting companies. Lastly, the effective implementation of PSE strategic reforms and projects should help to increase investment attractiveness and create jobs against a backdrop of post-COVID recovery. For their part, the measures to promote the development of the private sector and industry are in keeping with the renewal of Senegal’s industrial policy.
African Development Bank
|Last Update||04 Dec 2021|