Mali - Economic Governance Reform Support Programme - Phase II

The Economic Governance Reform Support Programme, Phase II (PARGE-II) is the second of two programme-based general budget support operations (GBS) in favor of the Republic of Mali for the 2015-2016 period. The two operations are single-tranche operations. The first phase, PARGE-I, which was financed through a UA 15 million grant, was approved on 4 November 2015 and the resources disbursed on 15 December 2015. The present PARGE Phase II was adopted following the successful implementation of PARGE-I and previous budget support, the results of which contributed to the improvement of the national public financial management system and the development of the private sector. The previous operations, in particular the Emergency Economic Recovery Support Programme (PUARE) and the Emergency Governance and Economic Recovery Support Programme (PAUGRE) approved in 2013 and 2014 respectively, have, through the implementation of major structural reforms, created conditions for inclusive and sustainable growth that will gradually help the country to emerge from its situation of fragility. PARGE – II is focuse on the same components, namely: (i) Improvement of Public Expenditure Efficiency; and (ii) Support for Private Sector Development.