Senegal - Resource Mobilisation and Investment Attractiveness Institutional Support Project (PAIMRAI)

The Resource Mobilisation and Investment Attractiveness Support Project (PAIMRAI) is designed to assist Senegal in its efforts to foster strong, sustainable and job-creating economic growth. Specifically, it involves building resource mobilisation capacity to promote competitiveness in the direction set out in the Emerging Senegal Plan (PSE). The project will focus on the effective implementation of reforms in special economic zones, the preparation of a new investment code as well as on industrial competitiveness policy. The dual fiscal challenge is to improve revenue while promoting investments. Hence, the project has three (3) complementary components: (i) strengthen tax policy and administration of financial authorities for revenue mobilisation (ii) competitiveness and structuring of PSE strategic projects, and (iii) project management. Project activities will last 48 months, with an estimated total cost of UA 12.04 million, net of taxes and customs duties.