Senegal - Accelerated Industrialization, Competitiveness and Employment Support Programme (PAAICE) — Senegal

Overview

PAAICE will provide direct support to the Government’s Competitiveness and Employment Acceleration Programme (PACE) which is a flagship post-COVID-19 recovery and long-term development programme that is consistent with the Adjusted and Accelerated Priority Action Plan (PAP2A). The operation will help to accelerate the transfer of resources allocated to selected projects and reforms in order to ensure rapid and effective implementation thereby achieving development outcomes within a reasonable lapse of time. The programme will also make it possible to co-finance operations designed together with other development partners so as to contribute significantly to the Government’s agenda aimed at implementing the post-COVID-19 recovery plan and achieving the objectives of structural transformation set out in the PSE and promoted by PAP2A. The programme comprises four components defining the thrust areas that can help to achieve set objectives, namely:(1) a “Competitiveness” component that aims to strengthen priority value chains through better understanding of bottlenecks and the reforms to be implemented;(2) a “Financing” component that seeks to improve access by MSMEs to financing and the formalization of economic actors; (3) an “Assistance and Technology” component aimed at supporting the private sector to own technologies and access markets; and (4) a “Private Investment” component that aims to attract new financing and develop transformative projects, particularly through the promotion of PPPs. The Programme total Cost is UA 90 million for Five years, covering the 2022, 2023, 2024 and 2025 fiscal years.