Knowledge Note

PPIAF’s Sub-National Technical Assistance (SNTA) program is helping the City of Dakar to obtain financing to improve its infrastructure services. SNTA’s support to the City of Dakar began in 2008, when PPIAF helped the city to undertake a Public Expenditure and Financial Accountability (PEFA)1 assessment. Following the PEFA, SNTA provided technical assistance to help the City improve its revenue improvement strategy and obtain a credit rating for its first municipal bond issuance. As a result of the SNTA’s support, the City of Dakar has strengthened its financial management practices and secured infrastructure financing totaling CFA 26.8 billion ($46.1 million) from the French Development Agency (AFD), the West African Development Bank (BOAD), Ecobank and the Islamic Bank of Senegal (BIS). The city has also achieved a BBB+ (regional scale) institutional credit rating and plans to initiate other activities to improve the city’s revenues.