Senegal raises 7356 bn CFA francs in Paris for financing its Priority Action Plan

  • January 31, 2019

Senegal raised 14 billion dollars (7356 billion CFA francs according to official figures) after meeting with technical and financial partners in Paris, said Louise Cord, director of operations of the World Bank in Senegal.

An amount that goes beyond the initial objectives of the Senegalese government which aims to raise 2850 billion FCFA to complete the financing of its Priority Action Plan (PAP) 2019-2023.

The overall cost of this PAP, which will mark the beginning of the implementation of the second phase of the Emerging Senegal Plan, is 14.098 billion CFA francs.

The government has already managed to mobilize 9414 billion CFA francs. In Paris, he will be looking for 4684 billion, of which 2850 will come from technical and financial partners and 1834 billion from the private sector, according to a source close to the Ministry of Economy, Finance and Planning.

The PAP has been developed in order to ensure “a consolidation of the progress made” with the first phase of the ESP. It “is based on an analysis of best practices at both national and global levels in terms of structural transformation of the economy and growth”.

Source: APS.SN

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