SENEGAL-ECONOMY-FINANCING / Budget support of 182.4 billion CFA francs from the World Bank for Senegal

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SENEGAL-ECONOMY-FINANCING / Budget support of 182.4 billion CFA francs from the World Bank for Senegal
SENEGAL-ECONOMY-FINANCING / Budget support of 182.4 billion CFA francs from the World Bank for Senegal

Africa-Press – Senegal. The World Bank on Tuesday approved “budgetary support” of 182.4 billion CFA francs to help Senegal improve its health, social and economic promotion policy for women, learned the ‘APS on Wednesday from a source close to the Ministry of Budget and Finance.

“The Board of Directors of the World Bank Group approved, on June 13, 2023, budget support […] for a total amount equivalent to 300 million United States dollars, or 182.4 billion francs CFA, for the benefit of the Republic of Senegal,” reads an information note.

« This budget support comes in support of political reforms, the objective of which is to promote better access to health, social safety nets and the economic advancement of women », specifies the text received from the entourage of the Minister of Budget and Finance.

The document adds that this money “should also make it possible to strengthen the mobilization of domestic resources, while encouraging the private sector, in particular its increased participation in digital”.

Le Sénégal va utiliser l’aide budgétaire reçue de la Banque mondiale pour financer aussi sa politique d’‘’amélioration de la résilience et de la productivité des ménages’’, ainsi que ses initiatives de ‘’renforcement de la transparence et de la soutenabilité dans la gestion des ressources naturelles’’.

Cette aide va aussi servir à la ‘’gestion efficiente des comptes fiscaux’’, selon la même source.

C’est ‘’un appui financier sous la forme d’un crédit de l’Association internationale pour le développement (IDA)’’, explique la Banque mondiale dans un communiqué, expliquant que l’IDA est sa branche chargée d’aider les pays les plus pauvres du monde.

“The objective of this financing, the second in a series of two development policy operations, is to enable equitable and sustainable growth by increasing the resilience and productivity of households,” continues the financial institution.

Pour plus d’informations et d’analyses sur la Senegal, suivez Africa-Press

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