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Ivory Coast committed to optimizing its budgetary spending



 

The Ivorian State, with a view to modernizing its budgetary and economic management, has undertaken to raise public finance management to the level of international standards with a view to efficient financing of its development policy.


In this momentum, the government, with the support of technical and financial partners, has adopted a master plan for public finance reforms.


The country will obtain support from the African Development Bank (AfDB) for the financing of a capacity building program for economic and financial administrations and public finance control structures.


This program is piloted by the Economic and Financial Management Support Project called "PAGEF" with a portfolio of 15.968 billion CFA francs including 13.456 billion CFA francs of contribution from the ADB and 2.512 billion CFA francs for the State of Côte d ' Ivory.


The goal of PAGEF is to optimize the mobilization of budgetary resources and strengthen the public expenditure management framework. And, to profile its actions, the Ministry of Economy and Finance organized a workshop on Wednesday in Grand-Bassam, 40 km south-east of Abidjan.


The PAGEF coordinator, Professor Bamba N'Galadjo, technical advisor to the Minister of Economy and Finance, said that the measures taken by all the actors, made it possible to obtain, on December 31, 2020, a rate of physical execution of 62.18% and a disbursement rate of 28.48%.


It also emerges a commitment rate of 47.62% on the basis of contracts signed on the resources of the lessor, he stressed, before adding that this rate would be established at 65.51% if one ignoring the savings made in the amount of 2.4 billion FCFA.


As part of the mobilization of internal resources (19 activities), nine contracts were signed and have been fully completed. In addition, six signed contracts are in progress and four activities for which the consultant recruitment process is underway.


With regard to support for the management of the economy and the transparency of public expenditure, the results indicate 34 contracts signed, 11 contracts in progress and six for which the consultant recruitment process is underway.


He said, at the level of the project monitoring system by the ADB, the ADF (31.8 %%) and FAT (25.23%) loans have orange flashing indicators indicating that the project would be ineffective even if these rates could easily be explained. by savings linked to good and fair spending, notwithstanding the impact of the Covid-19 pandemic.


This is why, he will say, during the last exchanges that the Technical Coordination Unit organized with the Task-Manager, it was agreed that on June 30, 2021 we could reach the disbursement rates of at minus 60% per financing instrument.


Mr. N'Galadjo announced that the AfDB has given a favorable response to the request to propagate the date of the last disbursement of the project to December 31, 2021, thus giving the possibility of implementing activities until June 30, 2022.


The Director of the Cabinet of the Ministry of Economy and Finance, Ms. Minafou Fanta Coulibaly-Koné, explained that this project aims to frame public spending, while noting red tape in the execution of actions.


The delay observed, she will underline is partly due to the issuance of authorizations by the African Development Bank, calling for "more speed" of the institution's agreements to give rhythm to the execution of the works.


The workshop made it possible to take stock of the physical and financial execution of the project on December 31, 2020, and to examine the difficulties encountered in order to make recommendations with a view to due diligence of the remaining activities.

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