Senegal : approximately $ 12 billion mobilized in Paris to the financing of the second phase of the PES

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Agency (Ecofin) – Senegal has obtained 7 356 billion FCFA (about 12,72 $ billion) of its technical and financial partners, Monday 17 December 2018, during the consultative Group meeting in Paris, for the financing of the second phase of the PES.

According to the Director of operations of the world Bank Louise Cord, this amount is obtained by the Senegal represents more than 2.5 times the country’s goal for the realization of the second phase of the PES, which was to collect 2 850 billion FCFA (approximately $ 5 billion), of its technical and financial partners.

On this envelope, it is important to clarify that 2 000 billion FCFA (about 3,46 billion $) have been pledged by the world Bank, 1 358 billion FCFA (about 2.35 billion $) by the african development Bank (AFDB) and 1 000 billion CFA francs (approximately $ 1.73 billion $), France. The rest, nearly 3 342 billion FCFA (approximately 5,78 $ billion), will be provided by the partners side and bilateral.

It should be noted that the consultative Group meeting was organized with the assistance of the world Bank, and in the presence of the head of State of senegal, Macky Sall. It was attended by several development partners including the international monetary Fund, as well as the BAD.

Flore Kacou

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