Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesThe World Bank Board of Directors approved a $180 million International Development Association (IDA) credit to support Senegal’s efforts to boost the competitiveness of the energy and ICT sectors and improve access to services for the most vulnerable.
The program will help reduce the cost of electricity, improve the performance of the electricity utility, increase competition in the Information and Communication Technologies (ICT) sector and build a sustainable digital economy.
“Reliable, affordable and accessible electricity and ICT services are central to Senegal’s competitiveness and economic transformation,” said Nathan Belete, World Bank Country Director for Senegal.
The multi-sectoral Development Policy Financing (DPF) operation has supported the Government’s efforts over the past two and a half years to diversify the energy mix, increase the use of lower-cost gas and renewable energy and broaden access for the poorest. The program also opens the ICT sector for new entrants, increases private sector investment and continues to develop the foundations of the digital economy. All these measures will reduce costs and therefore increase the affordability of basic services supporting economic growth, with a specific focus on increasing access to these services for the poorest.
Original source: World Bank
Published on 18 December 2019