Senegal Jobs, Economic Transformation & Recovery Program

Abstract*

The development objective of Senegal Jobs, Economic Transformation and Recovery Program is to improve the competitiveness of selected value chains, MSMEs capabilities, and private sector investment in Senegal. The main pillars of the PSE plan, which guides the PAP/AA, are the following: Pillar 1: Growth and structural economic transformation; Pillar 2: Human capital, social protection and sustainable development; and Pillar 3: Governance, institutions... Show More

Development Objective

Improve the competitiveness of selected value chains, MSMEs capabilities, and private sector investment in Senegal

Key Details

Project Details

Project ID
P174757
Status
Active
Team Leader
Jana Hughes Malinska , Mazen Bouri
Borrower 2
Republic of Senegal

Country
Senegal
Disclosure Date
January 5, 2021
Approval Date
(as of board presentation)
May 21, 2021
Effective Date
August 13, 2021

Total Project Cost 1
US$ 125.00 million
Implementing Agency
FONGIP,Ministry of Economy, Planning and Cooperation,ADEPME,FONSIS,The Ministry of Finance and Budget
Region
Western and Central Africa
Fiscal Year 3
2021

Commitment Amount
US$ 125.00 million
Environmental Category
N/A
Last Update Date
June 27, 2024
Closing Date
June 30, 2025

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change0%
- FY17 - Adaptation0%

FY17 - Finance

FY17 - Financial Infrastructure and Access81%
- FY17 - MSME Finance80%

FY17 - Human Development and Gender

FY17 - Disease Control100%
- FY17 - Pandemic Response100%
FY17 - Gender70%

FY17 - Private Sector Development

FY17 - Enterprise Development100%
- FY17 - Global value chains100%
- FY17 - MSME Development80%
FY17 - Jobs80%
- FY17 - Job Creation80%
FY17 - Public Private Partnerships15%

FY17 - Urban and Rural Development

FY17 - Rural Development4%
- FY17 - Rural Markets4%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	125.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	125.00
IBRD + IDA Commitment	125.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	125.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Oct 15, 2022	IDA-68810	Int Charges	76,911.95
Jun 21, 2023	IDA-68810	Loan Disb	19,889,728.00
Apr 15, 2023	IDA-68810	Int Charges	111,789.79
Apr 15, 2023	IDA-68810	Int Charges	426,366.25
Oct 15, 2022	IDA-68810	Int Charges	99,971.74
Mar 17, 2022	IDA-68810	Fee Charges	294,292.10
Mar 28, 2022	IDA-68810	Fee Charges	109.89
Apr 15, 2022	IDA-68810	Int Charges	57,611.97
Apr 15, 2022	IDA-68810	Int Charges	143,635.34
Apr 21, 2022	IDA-68810	Loan Disb	27,803,082.00
Apr 26, 2024	IDA-68810	Int Charges	84,417.93
Apr 26, 2024	IDA-68810	Int Charges	1,204,088.10
May 21, 2021	IDA-68810	Loan Commitment	125,000,000.00
May 10, 2024	IDA-68810	Loan Disb	4,115,780.00
Oct 15, 2023	IDA-68810	Int Charges	852,355.80
Oct 15, 2023	IDA-68810	Int Charges	91,687.69
Oct 15, 2023	IDA-68810	Int Charges	25,264.43

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-11-29
Progress towards achievement of PDO	Satisfactory	2024-11-29
Monitoring and Evaluation	Satisfactory	2024-11-29

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Increase in the total annual export value of one value chain -in a geographical area-supported by the Competitiveness taskforce	Value	0.00	0.00	10.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

Increase in the aggregate Firm-level Technology Adoption Index (intensive margin) for firms benefitting from the matching grants	Value	0.00	1.30	15.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

Amount of banks’ and MFIs’ loans to MSMEs guaranteed by the FONGIP's FOGADEV and FOGAEX guarantee funds	Value	50000000.00	68983987.00	150000000.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

Number of PPP transactions initiated (Requests for Proposals issued) for projects with low E&S risks (category 2 under the nationalrisk categorization system) with support from the PPP Support Fund	Value	0.00	0.00	3.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

of which for women-led businesses Value 0.00 0.60 15.00
Date October 7, 2020 September 29, 2023 June 30, 2025
Comment
Of which for women-led businesses Value 2500000.00 2626000.00 0.00
Date
Comment
Of which for youth-led businesses Value 0.00 0.00 0.00
Date
Comment
Of which for exports Value 0.00 0.00 0.00
Date
Comment
Amount of private co-investments in investee-SMEs generated by the FONSIS SME acceleration fund Value 0.00 0.00 30000000.00
Date October 7, 2020 September 29, 2023 June 30, 2025
Comment
Of which in women-led businesses Value 0.00 0.00 0.00
Date
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

The PPP Unit is established and equipped with at least 3 qualified full-time staff Value No Yes Yes
Date October 7, 2020 March 31, 2023 June 30, 2025
Comment
The Competitiveness Taskforce is established at the Ministry of Economy, Planning and Cooperation, with at least 8 members. Value No Yes Yes
Date October 7, 2020 March 31, 2023 June 30, 2025
Comment
FONGIP's FOGADEV's NPL ratio every year Value 7.00 7.00 6.00
Date October 7, 2020 September 29, 2023 June 30, 2025
Comment
Amount of additional private investments in technology adoption generated by the matching grant fund Value 0.00 390000.00 2000000.00
Date October 7, 2020 September 29, 2023 June 30, 2025
Comment
The PPP Support Fund is established and capitalized with a minimum of $ 1 million and its operational manual prepared Value No Yes Yes
Date October 7, 2020 March 31, 2023 June 30, 2025
Comment

Number of value chains action plans produced by the Competitiveness Taskforce that use the PforR financing tools ADEPME matching grants or FONGIP guaranties and/or FONSIS investments	Value	0.00	0.00	6.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

Share of First-time MSMEs borrowers covered by the FOGADEV guarantee scheme Value 13.00 13.00 30.00
Date October 7, 2020 September 29, 2023 June 30, 2025
Comment
of which by women-led businesses Value 0.00 0.00 0.00
Date
Comment

Number of public-private dialogues conducted by the Directorate for Private Sector Development including to improve value chains competitiveness	Value	0.00	0.00	20.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

The FONSIS SME Acceleration Fund adopts a governance structure based on a general partner/ limited partner framework Value No No Yes
Date October 7, 2020 September 29, 2023 June 30, 2025
Comment
Number of MSMEs completing a technology project with the adoption of a specific technology Value 0.00 0.00 2500.00
Date November 18, 2021 September 29, 2023 June 30, 2025
Comment
Of which women-led businesses Value 0.00 0.00 0.00
Date
Comment
of which are digital technologies Value 0.00 0.00 0.00
Date
Comment

of which for women-led businesses	Value	0.00	0.60	15.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

Of which for women-led businesses	Value	2500000.00	2626000.00	0.00
	Date
	Comment

Of which for youth-led businesses	Value	0.00	0.00	0.00
	Date
	Comment

Of which in women-led businesses	Value	0.00	0.00	0.00
	Date
	Comment

FONGIP's FOGADEV's NPL ratio every year	Value	7.00	7.00	6.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

Share of First-time MSMEs borrowers covered by the FOGADEV guarantee scheme	Value	13.00	13.00	30.00
	Date	October 7, 2020	September 29, 2023	June 30, 2025
	Comment

of which by women-led businesses	Value	0.00	0.00	0.00
	Date
	Comment

of which are digital technologies	Value	0.00	0.00	0.00
	Date
	Comment

Senegal Jobs, Economic Transformation & Recovery Program

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS