The State of Senegal and the West African Development Bank (BOAD) signed a memorandum of understanding. The objective is to establish a strategic partnership framework based on the valorization of public assets of the country.

The signing of an agreement between BOAD and Senegal aims to strengthen the country's financing strategy, to consolidate its financial trajectory and to support its development ambitions, while improving resource mobilization. Thus, structured around exploiting the economic potential of the country's infrastructures, the Fund for Valorization of Senegal's Assets (FOVAS), will allow, thanks to revenue generated by these assets, to diversify the sources of financing and sustainably support the country's growth.

Indeed, as part of this partnership, the BOAD will bring its expertise in financial structuring and will play a catalytic role for mobilizing private investors and development partners internationals. This system will make it possible to group infrastructures together. strategic within a dedicated mechanism, in order to mobilize resources news for the State and to improve the quality of services provided to populations.

This agreement marks a major step forward for the Senegal, according to the Minister of Finance and Budget, Cheikh DIBA. For her On the other hand, the President of BOAD, Serge EKUE indicates that “this partnership illustrates the shared desire of la BOAD and of the Senegalese Government to work in synergy to accelerate the mobilization of funding. Our role will be to help the Senegalese State to unleash the value potential of its strategic assets, to guarantee sustainable investments and to strengthen the financial resilience of the country in benefit of regional integration.”