Senegal: a 22 billion euro plan to revive the economy
Macky Sall in Paris on August 27, 2020. ERIC PIERMONT / AFP
Text by: RFI Follow
2 min
How to revive the economy of Senegal?
The question was at the heart of a presidential council Tuesday, September 29.
Representatives of the government, the private sector, and partners from the country gathered around Macky Sall.
The authorities presented a plan amounting to 22.4 billion euros and defined priority sectors.
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With our correspondent in Dakar,
Charlotte Idrac
"
After defense, we must go on the attack
" to regain growth according to the sports formula used by the head of state.
And for this, the authorities have adjusted their strategy, with new priorities: "
First, accelerate food sovereignty by strengthening our autonomy on basic products and we are on the right track, in particular on rice.
Health and pharmaceutical sovereignty, the industrialization of the economy, the digital transformation of the economy ...
”, explains Amadou Hott, Minister of the Economy.
A strategy supported by Senegal's partners.
But which remains unbalanced according to Fassory Diawara, representative of civil society: “
Research and innovation are not taken into account in the definition of priority actions.
The education and training sector represents only 3.6% of the resources allocated to financing.
This in itself is difficult to understand.
Youth policy is endowed with an overall insufficient budget allocation.
In this regard, we note a huge gap between the Dakar axis and the other cities.
"
For the implementation of this plan, the authorities are counting on the participation of the private sector, up to a third.
With the coronavirus pandemic, Senegal's growth rate, forecast at 6.8% in 2020, could drop to -0.7%.
But the head of state shows his optimism, with a growth forecast of 5.2% from next year and a prospect of more than 13% in 2023, thanks to the exploitation of oil and gas.
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