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KIVIA ANALYSIS

MacroeconomicsNEUTRAL

Senegal: 57 million euros from the OPEP Fund to boost agriculture

Published on October 14, 20263 min

Key takeaways

  • Senegal is receiving significant support in its pursuit of food sovereignty.
  • It has signed a convention with the OPEP Fund for International Development.
  • The agreement was signed yesterday on the sidelines of the annual meetings of the World Bank and the FMI in Bangkok, Thailand.

Senegal is receiving significant support in its pursuit of food sovereignty. It has signed a convention with the OPEP Fund for International Development.

The agreement was signed yesterday on the sidelines of the annual meetings of the World Bank and the FMI in Bangkok, Thailand. The partnership, totaling 57 million euros (37,4 billion FCFA), aims to strengthen food security and agricultural resilience.

According to the press release dated 14 October 2026, the allocated funds also aim to stimulate domestic food production, strengthen rural livelihoods, and help farmers adapt to climate change. Thus, the financing will support a national food security initiative expected to benefit approximately 900 000 people, half of whom are women and the other half youth.

For the President of the OPEP Fund, Abdulhamid Alkhalifa, food security rests primarily on farmers. 'By improving access to water, modern agricultural methods, and markets, we can help rural communities produce more, achieve better incomes, and better withstand climate change.

This investment will strengthen Senegal's capacity to feed its growing population while creating new opportunities for women and youth,' the statement mentions. The convention also covers Senegal's Project to Support the Food Sovereignty Strategy (PASS), which aims to increase agricultural production and reduce the country's reliance on food imports.

The aforementioned project covers 10 of the 14 regions, with the objective of ensuring climate-smart agriculture, better access to agricultural inputs, and strengthening links between farmers and local markets. Building on this, it is expected to improve water management on 1 500 hectares of agricultural land, construct or rehabilitate approximately 330 km of rural roads, and support more than 2 200 farms.

This is in addition to better coverage of storage and food processing infrastructure. Published on 14/10/26 11:48 Mouhamadou Dieng

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