Senegal PM unveils economic recovery plan based on domestic resources
The Peninsula
Dakar: Senegal s prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shi...
Dakar: Senegal's prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shift towards greater domestic funding.
The west African country faces a deteriorating economy, marked by a 14-percent budget deficit and outstanding public debt that represents 119 percent of GDP, said Senegal Economy Minister Abdourahmane Sarr.
Prime Minister Ousmane Sonko declared that under the new economic plan "90 percent of resources are expected to come from the mobilisation of internal resources and without external debt".
The declaration received strong applause at the Grand Theatre de Dakar, where it was revealed in a ceremony before members of the government, including President Bassirou Diomaye Faye.
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