The Senegalese government has launched a 25-year development plan aimed at strengthening economic sovereignty through competitiveness, sustainable management and good governance. Called “Senegal 2050: National Transformation Agenda”, the program foresees economic growth of between 6.5% and 7% per year between 2025 and 2029, a reduction in debt from 83.7% of GDP in 2023 to 70% in 2029 and an increase in average income from $1,660 to $2,468 in five years, i.e. +50%. The current unemployment rate is 21.6% according to the latest data. The plan also aims for universal access to water, electricity and health insurance.
President Bassirou Diomaye Faye and Prime Minister Ousmane Sonko stressed the fight against corruption and the development of key sectors such as agriculture and technology to ensure a prosperous and sustainable future for Senegal
Source: Africa News Agency