Senegal - Project to Support and Promote Women’s and Youth Entrepreneurial Initiatives - Phase II (PAVIE II) — Senegal

Overview

PAVIE II is aligned with Thrust 1 of the National Development Strategy (NDS), 2025-2029, corresponding to the 2025-2029 five-year plan of the Senegal 2050 Systemic Transformation Agenda for a sovereign, just and prosperous Senegal that is founded on strong values, a project that falls under the "Endogenous Economy and Food Sovereignty” programme. This programme includes flagship reforms such as women’s and youth empowerment, raising the country's banking penetration rate, and granting credit for entrepreneurial initiatives. Driven by its desire to promote the country's economic sovereignty, the Government of Senegal gives absolute priority to food sovereignty and plans to establish regional agro-industrial hubs intended to exploit the country's agricultural and fishery resources. The goal is to offer an array of opportunities to young people through industrialization, together with the transformation and development of primary sector activities. Moreover, the other priority DER/FJ sectors remain consistent with the new policy guidelines of the State of Senegal. The project contributes to climate finance, with 30 million USD of the total approved amount dedicated to adaptation. The project contributes to climate finance, with 30 million USD of the total approved amount dedicated to adaptation.