Senegal and the AfDB

The African Development Bank and Senegal have a long history of cooperation, dating back to 1972. Since that time, the Bank has financed 66 national projects in several sectors with a total investment of approximately US $ 1.1 billion or 532 billion CFA francs. Infrastructure projects make up 39.4 per cent of the Bank’s investment in Senegal, compared to 21.3 per cent for the social sector and 18.7 per cent for rural projects. In the private sector, the AfDB has financed four operations amounting to US $248 million.

As a member of the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (UEMOA), Senegal has always played an important role in regional integration in West Africa. The Bank has supported the country’s steps towards regional integration, one of the pillars of the Bank’s Long Term Strategy (2013-2022), and has financed US $204 million in operations in the areas of transportation, energy, higher education and the environment.

Senegal recently elected a new President of the Republic, Macky Sall, and has enjoyed a long history of democratic alternation and political stability since it achieved independence in 1960.