Mali - Economic Growth Support Programme - Phase I (PACE-I)

PACE-I is the first phase of a series of two programmatic budget support operations covering the 2017 and 2018 budget years with an overall indicative allocation of UA 18 million. The Program aims to consolidate the gains of previous budget support and contribute to sustained economic growth through better mobilization of public resources, improved efficiency of public spending and development of the private sector. The program is a continuation of previous budget support, the results of which have helped to improve the national system of public financial management and private sector development. Indeed, previous operations, in particular PARGE I and II "Support Program for Economic Governance Reforms" respectively in 2015 and 2016, have made progress in the areas of: (i) public procurement management; (ii) fiscal decentralization; (iii) the effectiveness of internal control; (iv) the promotion of investments and the development of private enterprises; and (v) the business environment. The progress made through the PARGE has thus made it possible to create the conditions for inclusive and sustainable growth for a gradual exit of the country from the situation of fragility. PACE-I presents the multi-year program framework and provides a list of reform measures in 2017 as prior actions and triggers for the second phase in 2018 (PACE-II).