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Placed under the supervision of the Ministry of the Economy and Finance, the Caisse Autonome d'Amortissement (CAA) is the body responsible for mobilizing financing resources and good management of public debt. It was established by Order No. 28/PR/MFAE of August 3, 1966 creating the Special Depreciation Tax (TSA). Since then, 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 November 12, 1966 relating to the organization and operation of the Autonomous Sinking Fund was modified several times in 1967, 1969, 1973, 1998 and 2008.
The latest decree No. 2008-241 of May 6, 2008, approving the statutes of the Institution, made it possible to redefine and re-specify the various missions of the CAA. This decree is therefore the one which establishes the structure and attributions of the CAA as known today.
The CAA therefore presents itself as the organization through which the Ministry of the Economy and Finance mobilizes financing from traditional donors on the local, regional and international financial markets for the realization of investments falling within the framework of the Government investment and development program.