From 2005 to 2013, France injected more than €160 mln of budget aid under the WAEMU Regional Economic Program

Public finance
Tuesday, 11 December 2018 16:46
From 2005 to 2013, France injected more than €160 mln of budget aid under the WAEMU Regional Economic Program

(Togo First) - From 2005 to 2013, French budget aid for the WAEMU, under the financing of the Regional Economic Program (PER), exceeded more than €160 million or CFA118 billion. This was disclosed on December 10, 2018, by Badanam Patoki, representative of Togo’s minister of economy and finance, at the opening of a workshop to validate the provisional report on the aid’s evaluation. The workshop is to end on December 14, 2018.

According to Badanam, the aid was used to finance projects that impacted populations across the Union, in social and development sectors. The latter include hydraulics, combating coastal erosion, establishing adjacent control posts, weighing stations and road studies.

Through all these actions, the minister’s representative says, the French aid highly contributed to the PER’s realization.

The current assessment, it should be noted, takes place a decade after the implementation of the global budget aid which was born of the desire of WAEMU’s commission to anchor the culture of results-based management, efficiency and effectiveness into its mode of governance and accountability to the people.

Séna Akoda

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