|Approval Date||31 Oct 2018|
|Signature Date||14 Nov 2018|
|Planned Completion Date||31 Dec 2019|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
This project focuses on the first phase of the Economic Recovery Support Program (ERAP) in Chad. PARE is part of the overall framework of the concerted and complementary interventions of the Technical and Financial Partners (TFP) with a view to sustainably boosting economic growth in Chad. This is a Programmatic Support Operation (PAO) which will be carried out in two phases. The first phase will be in 2018 while the second phase of this program will be in 2019. PARE is divided into two complementary components that will contribute to sustainably boosting the Chadian economy. These components are: (i) improvement of public finance management; and (ii) improving the investment climate. Through support for improving PFM and improving the investment climate, PARE will specifically contribute to increasing public and private investment, which is essential for a sustainable recovery of economic growth in Chad.
The overall objective of PARE is to contribute to creating the conditions for a sustainable economic recovery in Chad. Following the implementation of PARE, it is mainly expected that: (i) the amount of public investment financed from domestic resources increases from 36 billion CFA francs in 2017 to 105 billion CFA francs in 2019; and (ii) the amount of private investment increases from CHF 268 billion in 2017 to CHF 308 billion in 2019.
The entire Chadian population will benefit from the PARE. The PARE will progressively create a fiscal space conducive to economic recovery and the implementation of the 2017-2021 NDP, which is among its priorities to improve the quality of life of the Chadian population. Moreover, thanks to PARE, the capacity of the Chadian public administration will be strengthened in the areas of internal resource mobilization and control of public expenditure. In addition, PARE will contribute to creating a more attractive economic environment for private investors through, among other things, facilitating the execution of contracts, facilitating the issuance of building permits and land titles, and improving the governance of the electricity subsector.
African Development Fund
MINISTERE DES FINANCES ET DU BUDGET
|Last Update||16 Jan 2020|
|Name||LUMBILA Kevin Numbi|