📋 Tender Overview
PROJECT DETAILS
Project number:
2024.2160.0
Status:
ongoing project
Responsible organizational unit:
1100 West Africa 1 and Central Africa
Contact person:
Julia Karst julia.karst@giz.de
Partner countries:
Senegal
SUMMARY
Goals:
Sustainable finance is more firmly anchored in the financial sector in Senegal.
Client:
Federal Ministry for Economic Cooperation and Development
Project partners:
Ministry of Finance and Budget
Financier:
not available
ORDER VOLUME
Overall project:
(including all previous, current and subsequent project phases, if applicable)
6,000,000 euros
Current project:
6,000,000 euros
COMBINED FINANCING
not available
PREVIOUS PROJECT
not available
SUCCESSOR PROJECT
not available
DURATION
Overall project:
(including all previous, current and subsequent project phases, if applicable)
December 17, 2024 - January 31, 2028
Current project:
December 17, 2024 - January 31, 2028
OTHER PARTIES INVOLVED
not available
FURTHER INFORMATION
Project website
not available
DEVELOPMENT POLICY IDENTIFIERS
Gender equality
Significant secondary objective
Adaptation to climate change
Significant secondary objective
Climate change, greenhouse gas reduction
Significant secondary objective
CRS KEY
24010 Financial sector policy and administration
EVALUATION
not available
PROJECT DESCRIPTION (DE)
Initial situation:
Achieving the United Nations' Sustainable Development Goals (SDGs) and the international climate targets requires more public, but above all private, capital. Senegal alone requires a total of USD 13 billion between 2020 and 2030 to implement its Nationally Determined Contributions (NDCs) to the Paris Climate Agreement. The financial market is central to ensuring that public and private capital flows into socially and environmentally beneficial investments and into hedging against social, environmental, and climate risks. Mobilizing investments for the environmentally and socially just transformation of the Senegalese economy therefore requires a green financial market and an appropriate regulatory framework.
The Senegalese financial market lacks the skills to identify and exploit the opportunities and risks of green and socially just financing. In addition, the strategic and regulatory requirements are inadequate to address environmental and social risks in the financial market and to widely deploy capital for green projects.
Objective:
Sustainable finance is more firmly anchored in the financial sector in Senegal.
Approach:
The project advises and builds the capacities of political decision-makers. In doing so, it involves financial institutions. In this way, the project contributes to improving the conditions for a green and socially just financial market in Senegal. It also supports partners in the financial sector in developing and implementing innovative sustainable financing instruments.
The measures include, for example:
• The project wor
