UNCDF in Senegal

UNCDF in Senegal

The Challenge

Although poverty is widespread and unemployment high in this largely agrarian economy, Senegal is one the more stable countries in West Africa. Senegal's 2013 Human Development Index gives the country a rank of 154 out of 187 countries. National politics have been dominated by tensions between the government and the opposition, due in part to stagnant growth and the global economic slowdown, with a projected sharp downturn in foreign investments for local infrastructure development.

How We Are Helping?

In Senegal, UNCDF has been helping to meet development challenges by promoting decentralization and increased access to financial services for low-income rural populations. The Projet d’Appui au Développement Économique Local en ancrage au Programme National de Développement Local (PADEL/PNDL) supports emerging decentralization processes, with a special focus on local economic development. The strategy provides targeted support to Senegal’s national programme of local development, which is intended to consolidate donor and development partner interventions in decentralization and deconcentration. The project is jointly supported by UNCDF, UNDP, the Government of Senegal, and Luxembourg Development Cooperation.

In inclusive finance UNCDF is implementing the Programme d’appui à la lettre de politique sectorielle (PALPS), which aims to promote increased access for low-income, small and medium enterprises to quality local financial services. The programme helps create sustainable, well- integrated microfinance institutions. This project is jointly supported by UNCDF, UNDP, and the Canadian International Development Agency (CIDA).

In Detail

Project

Support to Local Economic Development/National Programme of Local Development (PADEL/PNDL)

Goal To support decentralization for local economic development.
How
  • Supporting national authorities to better reflect the economic dimension in public policy;
  • Building capacities of local authorities to promote local economic development;
  • Improving the supply and access to basic social services.
Period 2010-2015
Partners UNCDF, UNDP, Government, Luxembourg.
Total project cost and UNCDF contribution USD 10,000,000
USD 2,000,000
Project

Programme d’appui à la lettre de politique sectorielle (PALPS)

Goal To broaden access for low-income, small and medium enterprises to quality local financial services.
How
  • Supporting the creation of sustainable, well-integrated microfinance institutions;
  • Developing a viable and sustainable supply of financial products and services;
  • Promoting access to financial services;
  • Facilitating financial inclusion.
Period 2007-2011, to be extended in 2012
Partners UNCDF, UNDP, Government, Canadian International Development Agency (CIDA).
Total project cost and UNCDF contribution USD 9,000,000
USD 2,500,000
Project

YouthStart

Goal To increase access to financial services for low-income youth in sub-Saharan Africa. Spur innovation and delivery of microfinance for youth in Africa.
How
  • Designing, testing and scaling up sustainable services targeting the needs of young people;
  • Helping to create an enabling regulatory environment to allow young people to access financial and other services they need.
Period 2010-2014
Partners UNCDF, The MasterCard Foundation.
Total project cost and UNCDF contribution USD 12,000,000
USD 200,000

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