THE FACILITY INVESTING FOR EMPLOYMENT (IFE) - CALL FOR PROPOSALS IN SENEGAL

Today, many African countries have dynamic economies that offer excellent investment opportunities. However, additional support is needed to overcome local challenges and stimulate jobcreating activities. As the second largest economy in the West African Economic and Monetary Union (UEMOA), Senegal has undertaken an economic turnaround by implementing the "Plan Senegal Emergent" in 2014. Between 2014 and 2018, the country recorded one of the strongest economic growth rates in Africa, over 6 % per year, despite an economic structure largely based on the informal sector. However, at the beginning of 2020, the COVID-19 pandemic has considerably dampered the country's economic outlook, but a recovery is expected in 2021 with a growth rate that could reach 5,2 %. (...)

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Read the complete press release about The Facility « Investing for Employment » announces the launch of the first official call for proposals in Senegal: PDF, Englisch | PDF, German | PDF, French