The World Bank has just released additional funding of 57.5 million euros for Senegal. Objective: to support the economic transformation of the country and stimulate job creation, especially for young people, women and small businesses.

This financing aims to support the Program for Employment, Economic Transformation and Recovery in Senegal, through strengthening competitiveness, promoting technological innovation, improving access to finance, and encouraging private investment, said a press release from the WB, relay& eacute; by local media

This budget envelope will also be used to implement reforms related to industrialization planning, improving the business climate and promoting innovation, notes the same source, noting that the World Bank's concessional loan will also contribute to boosting the competitiveness of managed businesses. led by women and businesses also using smart technologies adapted to climate challenges

“This financing reflects the World Bank's commitment to supporting Senegal's efforts to advance the private sector, in particular micro, small and medium-sized enterprises (MSMEs), and to create more jobs,” said Keiko Miwa, director of the Senegal division at the World Bank. , quoted in the press release

The “rapid” and “concerted” preparation of this World Bank financing illustrates the “shared commitment” of the financial institution to provide “financial and technical support that is both timely and impactful for Senegal”, she continues, noting that this program “will contribute to stimulating economic opportunities”. economic and to promote the creation of jobs across the country, especially for young people and women”, by strengthening micro, small and medium-sized enterprises and by improving the competitiveness of priority value chains