Côte d'Ivoire - Economic Governance and Growth Support Program (PAGEC)

The Economic Governance and Growth Support Program (PAGEC) was initiated to strengthen the macroeconomic framework in Côte d'Ivoire through strengthening the efficiency and transparency of public finance management. It is a one-time budget support program over the 2017-2018 period that will help maintain the stability of the macroeconomic framework by absorbing part of the country's financing gap in 2017. The PAGEC will consolidate and expand the structural reforms undertaken in recent years to improve public financial management and promote strong, diversified and inclusive growth. In addition, it will support actions which improve the business climate and support reforms to enhance tenure security and governance of the cocoa sector. The overall cost of the program is estimated at UA 156,815,000 for a total duration of 12 months. The two components of the program are (i) enhancing the efficiency and transparency of public financial management; and (ii) diversification of the sources of growth of the Ivorian economy.