Senegal's Prime Minister to unveil "Senegal 2050" plan for poverty reduction, debt decrease, and 6-7% annual growth.

Senegal's Prime Minister Ousmane Sonko will unveil a new development plan called "Senegal 2050" on Monday, aimed at reducing foreign dependence and debt by leveraging local resources and human capital. This initiative, part of President Bassirou Diomaye Faye's agenda, seeks to cut poverty, triple per capita income, and achieve 6-7% annual growth over 25 years, using eight development hubs. Senegal's financial situation is dire, with a budget deficit of 10.4% of GDP.

October 11, 2024
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