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Benin - Economic Competitiveness Support Programme (PACEB) - PHASE II
PACEB II aims to provide Benin with the requisite financial and technical capacity to implement the programme by continuing to support the improvement of the investment climate and strengthening energy sector governance in the implementation of its medium-term action plan for sustainable and inclusive growth. The Government Action Programme (PAG 2016-2021) is the lone framework for steering government action. With a total cost of CFAF 9,039 billion, of which CFAF 760.283 billion for the energy sector, the PAG aims to achieve an average growth rate of 6.7% and the creation of around 500,000 direct jobs. The private sector is at the core of the implementation strategy with expected funding of 61% through, among others, PPPs capable of fast-tracking the economy’s structural transformation. The budget support resources supporting PACEB II will also contribute towards partially bridging the 2019 budget’s financing gap, which stands at CFAF 274.3 billion.