The Board of Directors of the African Development Bank has approved a €87.6 million loan to Senegal, to implement its Water Development Project for the development of value chains (PROVALE-CV). The project is also co-financed by the OPEC Fund for International Development (OFID) and the International Fund for Agricultural Development (IFAD). PROVALE-CV is the first project of the National Program for Small Local Irrigation Development (PNDIL) in Senegal. The development of agriculture is at the heart of the Senegal Emergent Plan (PSE) through the program component of Recovery and Acceleration of the Agricultural Cadence in Senegal (PRACAS). The agricultural potential of this Sahelian country, member of the West African Economic Monetary Union (UEMOA) and the Community of West African States (ECOWAS) is varied.

Source: The North Africa Journal July 19, 2019 14:03 UTC