The Islamic Development Bank (IsDB), during its 344 Board of Executive Director’s meeting of 13 February 2022, approved Projects for Cote d’Ivoire, Guinea, and Senegal

The Board of Executive directors of the Bank, at its 344th meeting held on 13 February 2022, approved a total of EUR 297.67 million for 3 Member Countries under the Regional Hub of Dakar. These are: EUR 35.14 million for Phase 3 of the Hydro-Agricultural Development Project in Upper Sassandra and Fromager Regions in Cote d’Ivoire, EUR 24.30 million for Phase 2 of the Development of Technical and Vocational Education Project, Guinea, and EUR 238.23 million for the Construction of the Dakar – Tivaouane - Saint Louis Highway/ Mékhé - Saint Louis Project.

1.    Phase 3 of the Hydro-Agricultural Development Project in Upper Sassandra and Fromager Regions will contribute to increasing the production of rice, market garden and fishing products in the two regions. The project will improve the transformation and marketing capacities of value chain actors. 

2.    Phase 2 of the Development of Technical and Vocational Education Project (ERAM) will contribute to the development of the Training and Vocational Education (TVET) sector in line with the strengthening of the education system’s performance for human capital needs. The project will construct and equip new schools, it will develop curricula for some new trades and modernize some existing ones, and it will improve the quality of education through training of academic and administrative staff of the Ministry. 

 

3.    Construction of Dakar – Tivaouane - Saint Louis Highway Project (Mékhé - Saint Louis Section) will (i) promote economic development, mining, agriculture, fishing, trade and tourism; (ii) reduce disparities in transport infrastructure and improve social well-being; (iii) develop exchanges between Senegal, North Africa and West Africa; (iv) Reduce the transport cost and time; and (v) Ensure the safety of road users. 

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