Under the supervision of the Ministry of Economy and Finance, the Caisse Autonome d’Amortissement (CAA) is the Organization in charge of the mobilization of financing resources and of the good management of the public debt, established by Ordinance No. 28/PR/MFAE of August 3, 1966, which created the Special Amortization Tax (TSA). The texts governing the CAA, its objectives and attributions have evolved with the socio-economic development of Benin as well as the evolution of the international financial context. Thus, Decree No. 423/PR/MFAE of 12 November 1966 establishing the organisation and the functioning of the Caisse Autonome d’Amortissement has been amended several times in 1967, 1969, 1973, 1998 and 2008.
The last decree N°2008-241 of May 6, 2008, approving the statutes of the Institution has redefined and re-specified its missions; therefore, consecrating the structure and the attributions of the CAA as we know it today.
The CAA is the body through which the Ministry of the Economy and Finances mobilizes financing from traditional donors, on the local, regional and international financial markets for the realization of projects that fall within the framework of the Government’s development program.