05.02.2014, Jeddah, KSA – Senegal’s Economy and Finance Minister, HE Amadou Ba stated that based on its 10-year comprehensive development plan, Senegal expects an average annual 7 per cent economic growth and that the Islamic Development Bank (IDB) Group can play a major role in supporting the development plans and programs.

The Minister who is also IDB Governor for Senegal, made the remark during a meeting with IDB Group Chairman, Dr. Ahmad Mohamed Ali, at the Bank headquarters in Jeddah and also conveyed the salutations of Senegal’s President to the IDB Group for its efforts and for furthering the existing fruitful cooperation.

Underlining his country’s resolve for total transparency in implementing the 10- year development plan, the Senegalese Minister sought IDB Group’s assistance in organizing a donors conference with the participation of the Arab and Islamic Worlds .

The IDB Group Chairman, expressed his appreciation to the Government of Senegal for the hospitality and arrangements accorded to the recent IDB Group High Level Regional Forum in Dakar (27-28 January, 2014) in preparation for the upcoming 40th year anniversary celebrations slated for June 2014. Dr. Ali also commended the efforts of the Senegalese government towards administrative reforms and other efforts in the area of customs regulation which could increase the inflow of foreign investment.
He expressed the IDB Group’s readiness to cooperate with the Government for organizing a donors conference for Senegal from the Arab and Islamic worlds and underlined the importance of the support that could be obtained for that purpose from the Coordination Group comprising seven Arab development funds as well as the OPEC Fund for International Development (OFID) and the IDB.

The Minister and his entourage along with Senegal’s Ambassador to the Kingdom of Saudi Arabia also attended a number of meetings with various departments and entities of the IDB Group seeking their cooperation in their development plans.