Implementation of PAMSI : AFD is injecting more than 2 billion

The Beninese government and the French Development Agency (AFD) initialed the financing agreement for the Support Project for the Modernization of the Information System (PAMSI) taxes. Around the table, Beninese Minister of Economy and Finance Romuald Wadagni, Marc Vizy, French Ambassador to Benin and Rémy Rioux, Director General of Afd in Benin.

In the press release reporting on the convention, the French Embassy in Benin welcomed the reforms initiated by the breakaway government, since 2016, to clean up the business environment and its macroeconomic and budgetary framework. Reforms that demonstrated the resilience of its economy in the face of exogenous shocks such as the closure of the Nigerian border, COVID-19 and the security crisis. It is therefore to encourage the Beninese authorities in this dynamic that this convention is intended..

PAMSI is structured around three major objectives. The first consists of the promotion of new technologies to increase recovery and fight against corruption. The second is to ensure the success of tax reforms and results-based management and the dematerialization of the revenue chain.. The 3rd is to promote transparency and the fight against tax evasion, abusive practices and illicit financial flows.

The Beninese government expects, thanks to the PAMSI project, to see the national tax contribution rate of 3 at 4 percentage points of GDP in five (05) years in order to get closer to the regulatory threshold West African Economic Monetary Union (UEMOA) of 20 %>> we read in the press release published by the French Embassy to Benin. Funded by the French Development Agency, the overall cost of its implementation amounts to nearly 2,6 billion FCFA (4,02 millions of euros).

Arnaud ACAKPO (Coll)