Brussels, 25 October 2016
Commissioner for International Cooperation and Development, Neven Mimica, the Minister of the Economy and Finance, Amadou Ba of Senegal, have today signed two projects worth € 60 million.
They will be financed under the EU Emergency Trust Fund for Africa, and their aim is to develop economies and businesses in departure zones of migrants and improve living conditions in rural areas. They also signed two projects in support of food security and agricultural development and of the rule of law, financed by the 11th European Development Fund, for a total value of € 30 million.
The signature of these agreements took place on the occasion of Commissioner Mimica's visit to Senegal where he attended a conference on "Migrations, governance and development in West Africa" hosted by President Macky Sall. Commissioner Mimica delivered the opening speech at the conference which is taking place days before the first anniversary of the Valletta Summit on migration between EU and African leaders.
These financing agreementsconfirm the EU's commitment to strengthening cooperation on migration with West African countries by addressing root causes of migration. This is in line with the new partnership framework approach of the European Union, that aims at deepening cooperation with countries of origin and transit. Senegal is one of the five priority countries with which the EU is implementing this approach. It further reinforces the already good relations between Senegal and the European Union.
The visit is also an occasion to present the Commission's proposal for a new External Investment Plan which aims to provide an integrated framework to boost investments in Africa. Senegal is an excellent example where such an instrument could be used to support private sector and enhance the investment climate.