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Islamic Development Bank: Senegal consolidates its position as the leading partner country

31/01/2023
Source : ORISHAS FINANCE
Categories: Sectors

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For the period 2023-2027, the Islamic Development Bank (Bid) group has made a new commitment of 1,629.1 billion CFA to Senegal. The country is consolidating its position as the IDB's leading partner in sub-Saharan Africa.

The Bid is a financial institution based in Jeddah, Saudi Arabia. She plans to allocate nearly 1.7 billion CFA to Dakar as part of the member countries' new Partnership Strategy. According to the President of the IDB, Al Jasser, the document sets out “the global strategy and the commitment of the IDB in Senegal for the period 2023-2027 for a budget of 2.7 billion dollars.” For him, these funds are a global strategy and the commitment of the IDB to Senegal for the period 2023-2027 for a budget of 2.7 billion dollars.”

For the Minister of Economy, Planning and Cooperation, the relationship between the Islamic financial institution and Senegal is marked by “real dynamism with a total of approved financing of nearly 4.77 billion American dollars, or nearly 2,862 billion FCFA.”

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