Le 8 décembre dernier, le Conseil d' administration de la Banque africaine de développement a approuvé une garantie partial credit of 400 million euros in Senegal. This was in order to facilitate the mobilization of the first funding backed by its Sustainable Finance Framework Document, for a total amount equivalent to 500 million euros

La garantie de la Banque permet to financial institutions, which intend to finance the operation, to be protected against losses that would result from a failure to pay the principal and interest on this loan in the amount of 400 million euros Rsquo; euros. It is approved at a time when financing costs for African states have risen sharply as a result of the tightening of international monetary policy. This guarantee will allow the country to contract part of the financing in CFA francs, thus improving the sustainability profile of its debt