The European Union approved last March 30, a $28 million financing for Senegal to help implement sectorial development projects in the country.

According to information released, the financing agreements cover internal security, transport and the implementation of the Program for Competitiveness in West Africa (PCAO).

Therefore, around $12 million should be injected in the cooperation program for internal security between the European institution and Senegal. This should help “prevent and reduce Senegal’s internal and external destabilizing factors to preserve its development potential,” according to Senegalese Minister of Economy Amadou Bâ (photo), relayed by Agence de Presse Saénégalaise (APS).

The second funding worth around $4.8 million, should enable the implementation of a regional road network upgrade program, in line with the regional transport governance project.

The latest financing agreement concerns the execution of a project of more than $11 million to boost the production of high value-added goods and services and increase their contribution to the Senegalese economy.

Let’s note that these investments fall in line with the Senegal Emergent Plan (PSE) vision, adopted by the government of Macky Sall to diversify the national economy.

According to World Bank’s forecasts, Senegal should achieve one of the highest growth (6.9%) in the West African region in 2018.

Moutiou Adjibi Nourou (intern)