The regional director of Lives and Livelihoods (LLF) at the Islamic Development Bank (BID), Nabil Ghalleb indicated on Monday in Dakar that the IDB's LLF has invested nearly 58 billion CFA francs in the Senegalese economy. The intention is to promote quality agriculture in particular, which has benefited 18,000 rice

The Lives and Livelihoods Fund is a 2.5 billion US dollars (1.5 billion CFA francs) development initiative launched in 2016 by the Islamic Development Bank and its partners, namely the Abu Dhabi Fund for Development and Bill and Melinda Gates Foundation.

During a press conference given jointly with several Senegalese ministers, on the sidelines of the launch of the mission of donors to the LLF fund, the Fund for Life and Livelihoods, the regional director indicated that the investment contributed to the improvement of of livestock breeds for the benefit of 110,000 pastoral households and was used to build processing infrastructures

According to Ghalleb, the “financial partnership with the government of Senegal injected 95 million US dollars (58 billion CFA francs) into the [Senegalese] economy to guarantee high-quality agricultural inputs for 18,000 rice farmers, improved livestock breeds for the benefit of 110,000 pastoral households and infrastructure of transformation that include elements of climate resilience [...] and better delivery of extension services to agricultural communities.”