Madrid, Spain
The President of the Government, Pedro Sánchez, during his speech at the closing ceremony of the Spain-Senegal
“Senegal is the most important African partner for Spanish Financial Cooperation, having gone from a volume of our credits in 2016 of 13.2 million euros, to 65 million euros in 2020”. This was expressed by the President of the Government, Pedro Sánchez, in Dakar on April 9, during the closing of the Spain-Senegal Business Forum.
The Forum was one of the President's appointments within the tight work schedule of his trip to Angola and Senegal on April 8 and 9. This tour is the result of Focus Africa 2023, the action plan of the Government of Spain, in which the Spanish Agency for International
Development Cooperation (AECID) will play an important role and which aims to achieve a strategic partnership with the continent and foster new ties with key countries.
In this business space, Sánchez praised the work of the Spanish Agency for International Development Cooperation (AECID) through the Development Promotion Fund (Fonprode) which, as he explained, promotes the Promoged projects, solid waste management and circular economy -with a total of 50 million euros-, and PARIIS, to support the Regional Initiative for Irrigation in the Sahel, to which Fonprode contributes three credits in Niger, Senegal and Mali with 15, 15 and 10 million euros to each of them, respectively.
Both projects are co-financed with the World Bank, "an experience that we have to continue paying for in the future," according to Sánchez, who expressed his hope that the forum will generate "new opportunities for collaboration that allow us to face the challenges that lie ahead."
The Spanish President took advantage of his speech to highlight the adoption, by the Government of Senegal, of the law on Public Private Partnership contracts. "Undoubtedly," he said, appealing to the Senegalese Economy Minister, "this is a very important step, Minister, which I hope will continue to crystallize in new cooperation projects in which Spain aspires to play a highly relevant role."
The holding of the Spain-Senegal Business Forum reflects the collaboration and interest of both countries in deepening trade relations, and Spanish, Senegalese and mixed partnership companies, the CEOE and the Spanish Chamber of Commerce participated.
Senegal, a relevant partner for Spain, is one of the main destinations for Spanish exports in sub-Saharan Africa. The work of Spanish companies in the country covers topics such as infrastructure, fishing, agribusiness and rural development, construction, mining, tourism, transport and equipment.
"Now more than ever we have to open up and strengthen multilateralism that will contribute to the economic development of our nations and therefore to the need for unity between friendly nations," concluded the President.
SPANISH COOPERATION IN SENEGAL
Senegal is one of the seven priority countries for Spanish Cooperation in Sub-Saharan Africa. For the 2019-2023 period, Spain has planned to significantly increase its contribution to Senegal, reaching 128 million euros. This represents an increase of 125% compared to the previous period.
This increase responds to the excellent relationship between the two countries and to Spain's interest in supporting Senegal in the second phase of the Emerging Senegal Plan and aligning itself with national public policies; in addition to the 2030 Agenda, the Joint European Strategy for Senegal 2018-2023 and the V Master Plan for Spanish Cooperation.
Spanish Cooperation works in three priority areas with Senegal for development: support for productive agricultural development, contribution to the country's decentralization process and support for the resilience of the most vulnerable population through food security, health and drinking water and sanitation . In addition, gender equity is part of all the actions of the Spanish Cooperation in the country
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