Senegal- Staple crops processing Zone (SCPZ) promoting sustainable agricultural chains

The Bank prepared the GCF funding proposal and obtained the approval of the GCF Board in October 2023. In accordance with the agreement signed between the Bank and the GCF, this co-financing program requires the approval of the Bank's Board of Directors. The co-financing program proposed by the GCF aims to improve the climate resilience of ongoing projects in order to address the increased climate risk in these 3 countries. In fact, the Bank is currently implementing the 3 projects whose GCF funding reinforces the consideration of the resilience of ecosystems and communities to climate change, particularly small producers. The total cost of the program (including the 3 ongoing ZSTA projects) for the targeted countries (Guinea, Senegal and Togo) is US$285.38 million, excluding taxes and customs duties. The basic program is co-financed by the AfDB, the Nigeria Trust Fund (NTF), the Transition Support Facility (TSF), the Saemaul Globalization Foundation (Korea), the West African Development Bank (BOAD), the Islamic Development Bank (IDB) and the governments. The countries' contributions are as follows: Togo (USD 10.86 million); Guinea (USD 3.63 million); Senegal (18.8 million). The specific program co-financed by the GCF (the subject of this report) involves a sum of 102.79 million US dollars. This project primely contributes towards climate adaptation result. As such 100% of the total approval is attributed as climate finance, out of which 100% is adaptation finance.