Plaquette : Regional Action Plan for the Improvement of Irrigated Agriculture in the Senegal River Basin

REGIONAL ACTION PLAN FOR THE IMPROVEMENT OF IRRIGATED AGRICULTURE IN THE SENEGAL RIVER BASIN 32 • provide financing that is tailored to agricultural production for seasonal loans and for low-investment loans; • ensure a remunerative price to the producers and an adequate taxation ; • ensure cheap energy production for pumping stations and processing industries. • For the mobilization of funding, it is up to the OMVS member states to: • make the required efforts in implementing the Maputo recommendations to allocate 10% of the national budget to agriculture before seeking external funding; • Incite the diaspora to invest in agriculture and its derivatives ; • set up banks that meet the criteria for agricultural development; • promote public-private partnership; • promote an innovative financing system tailored to the financing of agriculture: for example Islamic finance and leasing ; • call on the donor community which has never failed to support OMVS member states. Initiatives are being undertaken by the latter as follows : • «Feeding Africa» Agriculture programme (Strategy for the reform of African Agriculture 2016-2025), launched by the AfDB; • The Sahel/CILSS Initiative, which is under way with the World Bank, AFD, etc.; • The «Alliance for the Sahel», recently launched by France and Germany • The Arab Funds, which have always shown a strong interest in irrigated agriculture in the Senegal River basin, the reason for their participation in the financing of the Diama and Manantali dams.