[Senegal] EIB funding to improve water supply and waste management

The European Investment Bank (EIB) will provide $138,39 million (€114.5 million) in financial support to improve the drinking water supply and promote integrate solid waste management in Senegal.

The support will strengthen the country’s resilience to the ongoing COVID-19 pandemic and other future pandemics as climate change exacerbates the urgency of the situation. By focusing on secondary cities, the Bank is supporting Senegal’s efforts to achieve balanced development across the country, reducing geographical disparities to ensure greater regional equity. Sustainable cities are an absolute necessity given the country’s rapid urbanisation and high population pressure.

Amadou Hott, Senegalese Minister of the Economy, Planning and Cooperation: “The long-standing partnership between Senegal and the EIB, spanning more than 55 years, has secured long-term investment that is helping to improve lives and increase economic opportunities across our country. We know that we can count on the EIB’s support to implement the government’s priorities for the second phase of the Emerging Senegal Plan. In particular, we would like to thank the EIB for the emergency operational measures it has taken in response to the COVID-19 crisis. The Bank’s additional funding has enabled the government to free up the financing capacity it needs in this pandemic.”

EIB President Werner Hoyer says the Bank has responded to the global crises with four COVID-19 operations in 2020 totalling nearly €210 million and covering all aspects of resilience in Senegal (health, economy, social and environment), including the two water and waste management operations.

www.eib.org