IDB grants Senegal CFA51 billion to boost socio-economic growth
Wednesday, 25 January 2017 03:54
Senegal has signed with the Islamic Development Bank (IDB), three financing agreements valued at CFA51 billion. The agreements which aim to support social and economic development were signed in the presence of the minister of economy, finance and planning, Amadou Bâ and the vice-president of operations at IDB, Mansur Muhtar.
The funds mobilized will finance Senegal’s Islamic microfinance development programmee, the anti-malaria support programme and technical assistance for the communication plan of the WAQF project.
The microfinance development programme will support in Senegal 50,000 micro-enterprises. It also plans to create 25,000 new jobs over the next five years.
Commenting the agreements, Amadou Bâ said the “development programme will be implemented through the financial inclusion of small and medium enterprises, thus generating a lot of jobs and stimulating the economy while improving the livelihood of populations”.
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