VP leads MCC dele to Senegal
By Ishmael Bayoh, Information Attaché, Sierra Leone Embassy, Dakar, Senegal
Vice President Dr. Mohamed Juldeh Jalloh is leading a team of senior cabinet ministers, the Financial Secretary and the Chief Executive Officer of the Millennium Challenge Coordinating Unit to Senegal to understand the western African country’s Compact development process.
The delegation which comprises the Minister of Finance, Jacob Jusu Saffa; Minister of Planning and Economic Development; Dr. Francis Kai Kai and the MCCU Chief Executive Officer, Ndeye Fatu Koroma arrive on Monday January 25, 2021.
The reason for the visit is to gain an understanding of Senegal's Compact development process, including the analysis phase and consultation process, as well as to deep dive into Compact development- especially the root cause analysis which led to the prioritization of the areas in the energy sector that would be the focus of the Compact.
The study tour is expected to build cooperation and collaboration between key Government Ministries and the two Governments.
While in Dakar to ensure targeted and structured engagements, the delegation will hold key thematic discussions on the compact development and implementation.
Thematic areas to look at are the Compact Development consultation process, high level overview of Senegal's compact development and deep dive into project development phase.
Several discussions will be held with the Ministries of Petroleum and Gas, Water Resources, Finance and Energy and Power in Senegal. Discussions will also be held with the relevant heads of water utility services and energy utility leaders and regulators.
The MCC program was established by the United States of America in 2004 and offers targeted assistance to poor countries that have a record of good governance and are also considered solid prospects for economic growth. Those who meet the conditions are rewarded with multimillion-dollar investment packages. Recipient countries are encouraged to work with the MCC and in consultation with their own citizens in order to generate plans for spending the money.
Senegal has been consistently qualifying for the MCC compact and In September 2009, they signed a $540 million Compact aimed at reducing poverty and increase economic growth. In 2018, Senegal also signed a compact agreement with the MCC designed to increase reliability and access to electricity, support economic growth and reduce poverty.