SENEGAL - Resource Mobilisation and Industrial Development Support Programme, Phase I (PAMRDI-I)

PAMRDI-I is the first phase of a series of two programme-based budget support operations, covering fiscal years 2023 and 2024, with an indicative overall financing package of EUR 149 million (equivalent to UA 120 million). It presents the programme's multi-annual framework, with a list of reforms considered to be the indicative triggers for the second phase (PAMRDI II). The programme will help to achieve the following objectives: (i) an increase in the number of economic operators in the informal sector with entrepreneur status (from 0 in 2022 to 30,000 in 2024, of whom 30% are women); (ii) an increase in the share of the manufacturing sector in GDP (from 15.6% in 2021 to 17.6% in 2024); and an increase in the share of the manufacturing sector in the added value of industry (88.7% in 2021 to 89.3% in 2024). PAMRDI is a programme-based general budget support operation in two phases. The programme has two complementary components: (i) Component 1 - Mobilise domestic resources and broaden the tax base; (ii) Component 2 - Support economic resilience by implementing reforms to speed up industrial development.