The International Finance Corporation (IFC), a subsidiary of the World Bank, has announced plans to double its commitments in Senegal, according to its Managing Director, Makhtar Diop.
During a visit to the Senegalese presidential palace where he was received by President Diomaye Faye on Monday, Mr. Diop reiterated the institution’s ambition to enhance support for strategic sectors of the Senegalese economy.
Diop emphasised the importance of industrialisation, agriculture, and the development of SMEs in fostering inclusive growth driven by the private sector.
In what Makhtar Diop described as a “fruitful” discussion, the two leaders reviewed Senegal’s economic transformation priorities.
“During our meeting, we discussed Senegal’s priorities in industrialization, agriculture, extractive industries, and SME support. The International Finance Corporation intends to further support local champions to create quality jobs and promote sustainable, private sector-led growth,” said the IFC Managing Director.
He also announced that the IFC plans to double its level of engagement in Senegal. This initiative aims to better support the country’s economic ambitions while focusing on key sectors such as health and digital transformation.
President Diomaye Faye welcomed the IFC’s commitment, affirming that this strengthened cooperation aligns perfectly with Senegal’s strategy for sustainable and inclusive development.
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