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Washington grants Svelara $ 550 million in aid



Washington grants Svelara $ 550 million in aid

Washington – US on Wednesday announced $ 550 million over five years to help Senegal meet the growing demand for electricity in this fast-growing country.

The Millennium Challenge Corporation, a government support program that was set up in 2004 and awarded grants to countries with good governance and democracy, said that Senegal would donate $ 50 million to this project. .

The agreement, "Senegal Energy Supply Compact," is in particular for five years to modernize high-voltage transmission networks in the capital city of Dakar and to strengthen the network to increase electricity in rural areas.

"The agreement is intended to stimulate private investment, promote economic growth and reduce poverty by improving the Senegalese energy sector," said Jonathan Nash, director of the Millennium Challenge Corporation.

If Donald Trump has promised to cut back US support for the international community, this government structure, created by President George W. Bush, is widely supported in Washington, with the exception of political differences, as recipients apply the principles of globalization. market economy.

With an annual increase of 7%, Senegal is one of the fastest growing countries in the African continent.

In 2009, Washington and Dakar signed a $ 540 million Development Assistance Agreement. This agreement, which was aimed at promoting agricultural productivity, was briefly challenged in Senegal.

(© AFP / May 08, 2018, 01h24) <! –

(AFP / 08.11.2018. 02.27.)
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