Monday , November 23 2020

Washington grants $ 550 million in aid to Senegal



Washington grants $ 550 million in aid to Senegal

Washington – The United States announced on Wednesday $ 550 million for five years to help Senegal respond to the growing demand for electricity in this fast growing country.

The Millennium Challenge Corporation, a government aid program set up in 2004 and awarding grants to countries committed to good governance and democracy, said Senegal would contribute $ 50 million to this project. .

This agreement, the "Senegalese Energy Pact", aims, in particular, over a period of five years to modernize high-voltage transport networks in the capital, Dakar, and to strengthen the grid to increase electricity in rural areas.

"The deal is designed to stimulate private investment, foster economic growth and reduce poverty by improving the Senegalese energy sector," said Jonathan Nash, director of the Millennium Challenge Corporation.

If Donald Trump has promised to reduce US aid to the international community, this government body, created under President George W. Bush, is widely supported in Washington, over and above political differences, because the recipients apply the principles of globalization. market economy.

With an annual increase of 7%, Senegal is one of the fastest growing economies on the African continent.

In 2009, Washington and Dakar signed a $ 540 million development aid agreement. This agreement, which was supposed to encourage agricultural productivity, was briefly challenged in Senegal.

(© AFP / 08 November 2018 01:24) <! –

(AFP / 08.11.2018 02:27)
->


Source link