|Approval Date||30 Nov 2022|
|Planned Completion Date||30 Jun 2023|
|Last Disbursement Planned Date||30 Jun 2023|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
PAMRER is a programme-based series of three (3) consecutive General Budget Support (GBS) operations initially covering the 2019, 2020 and 2021 fiscal years. The programme seeks to strengthen domestic resource mobilisation and strategic reform management to attract private investment to Senegal. Following the satisfactory implementation of the first phase in 2019, the second phase was approved in 2021, with a one-year delay, due to the outbreak of the COVID-19 pandemic. The Bank and the Government agreed to implement an Emergency COVID-19 Response Support Programme (PUARC) in 2020. Therefore, PAMRER II was implemented in 2021, after the satisfactory implementation of PUARC. Some adjustments have been made to the programme to better align it with the post-COVID recovery objectives set out in the Adjusted and Accelerated Priority Action Plan 2 (PAP2A 2019-2023) adopted by the Government in 2021 to support strong and inclusive growth driven by the private sector. The adjustments made to PAMRER focused on additional measures to support the country's industrialisation by promoting import substitution and public-private partnerships. The selected measures include the establishment of a governance framework for implementing an industrial policy, the signing of decrees on procedures for establishing pharmaceutical companies, and the adoption of a new PPP law. It should be noted that PAMRER implementation is also supported by the Domestic Resource Mobilisation and Investment Attractiveness Institutional Support Project (PAIMRAI).
PAMRER III seeks to consolidate and build on the objectives of PAMRER II, namely strengthen the domestic resource mobilisation and promote strategic reforms to improve the attractiveness of investment. The components of PAMRER III will be the same as those of PAMRER II, namely: (i) Component 1: Domestic resource mobilisation and broadening of the tax base; (ii) Component 2: Support for recovery trough the implementation of strategic reforms and projects 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 tax policy should increase the Government's resources and help to finance public services, thereby improving the living conditions of the population. A more efficient tax administration should reduce transaction costs for taxpaying individuals and companies. Finally, the implementation of PSE/PAP2A strategic reforms and projects should help to attract investments and create jobs against the backdrop of post-COVID recovery. The measures to promote the development of the private sector and industry are in keeping with the renewal of Senegal's industrial policy.
Ministère de l'Economie et des Finances
African Development Bank
|Last Update||22 Mar 2023|
|Name||Alain Fabrice EKPO|