The African Development Bank assesses the 2016-2020 CSP and considers the performance of its portfolio satisfactory

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 According to the report, Senegal's growth rate accelerated from 3.4% over the period 2008-2013 to 6.4% on average over the period 2014-2019 

The African Development Bank (https://www.AfDB.org/) carried out an evaluation of its intervention in Senegal over the 2016-2020 period and a review of the performance of the 2020 country portfolio. 

In a completion report of the “Country Strategy Paper” (CSP) covering the period 2016-2020, the Bank “analyzes the context and prospects for Senegal, assesses the progress made in the implementation of the CSP, presents the review of the portfolio, draws lessons and identifies priority areas for the next strategy ”. 

The CSP for Senegal was approved on September 14, 2016 by the Board of Directors of the Bank and was based on two pillars, namely: "support for agricultural transformation"; and the "strengthening of infrastructure to support production and competitiveness", particularly energy and transport. This CSP in line with the Bank's Ten-Year Strategy (2013-2022) and its five main operational priorities, the “High 5” is also aligned with the objectives of Senegal's development frameworks, namely: the Emerging Senegal Plan ( PSE) and its Priority Action Plan 2014-2018. This report also includes the portfolio performance review (RPPP 2020). 

The mid-term review (RMP) adopted in 2019 maintained the two pillars and rated the performance of the portfolio as satisfactory. Taking stock of Senegal's economic performance since 2014, the Bank welcomes the enormous progress achieved but also addresses the challenges and vulnerabilities facing the country. According to the report, Senegal's growth rate accelerated from 3.4% over the 2008-2013 period to 6.4% on average over the 2014-2019 period. 

The gross national income per capita reached 1,542 US dollars in 2019 against 1,353 dollars in 2015 and income inequality has fallen. However, debt is a “challenge” to be met with an increase in public debt from 53% of GDP in 2014 to 64.2% in 2019, thus reducing the risk of over-indebtedness from low to moderate in connection with a high level. debt service (30% of public revenue). The occurrence of the Covid-19 pandemic has affected the Senegalese economy and "the hitherto favorable outlook is now fraught with great uncertainty. », Underlines the report. The performance of the Bank's portfolio is deemed satisfactory, in particular with the exceeding of the initial objectives. “The Bank exceeded its objectives in terms of project approval over the CSP period (2016-2020). A total amount of UA 1,108.63 million has been approved for a programmed amount of UA 1,045.32 million ". 

In addition, the Bank was able to mobilize UA 1,085.6 million in cofinancing. With regard to knowledge building, the Bank has carried out several activities in the sectors of employment, hydrocarbons and the private sector. The results obtained in agricultural transformation (priority pillar) during the 2016-2020 CSP period show the production of 71,784 tonnes of white rice (119.6% of the target), the creation of 300 companies agriculture out of 150 planned and the launch of the South agro-industrial transformation zone. The second priority pillar has seen "very encouraging achievements with real progress". 

An achievement rate of 100% is expected for the four targeted result indicators, two of which were achieved in 2019 and two others likely to be achieved by the end of 2020, underlines the report. 

The Bank's interventions contributed to maintaining 82% of paved roads in good and average condition, increasing the rate of access to electricity from 54% in 2015 to 76% in 2019. At the regional level, construction and he operationalization in 2019 of the bridge over the Gambia River represents a major step forward in regional integration and the fluidity of transport between Senegal and The Gambia. 

As a result of the results obtained, the performance of the Bank's portfolio in Senegal is deemed satisfactory. the African Development Bank: The African Development Bank Group (AfDB) (https://www.AfDB.org/) is the first multilateral financing institution dedicated to the development of Africa. It comprises three distinct entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). 

The ADB is present on the ground in 44 African countries, with a field office in Japan, and contributes to the economic development and social progress of its 54 regional member states.

Cassien Tribunal Aungane, Editor

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