Senegal - Economic Reform Support Programme (PARE)

The present intervention concerns the Economic Reform Support Programme (PARE) 2011-2013. It's designed in a context marked by relative political stability. The context is also marked by a recovery of activities, despite a challenging business climate and the weak support to SMEs. The public finance situation remains fragile. PARE should translate into better budget management and contribution by SMEs to GDP. This help to improve public service delivery, create employment and generate income. PARE should contribute to narrowing the financing gap of Government financial operations and improve fiscal discipline. This is crucial for macroeconomic stability. PARE entails two components: (i) support to public finance management improvement; and (ii) support to SME promotion.