Senegal has experienced periods of consistently strong growth in the last decade as one of West Africa’s fastest-growing economies. The country is currently in the second phase of its long-term development programme, the Plan for an Emerging Senegal (PES), which targets middle-income status by 2035 through business environment improvements and investment in development projects and infrastructure.
While the economy showed resilience in weathering the COVID-19 shock without a significant period of recession, the current global context has increased inflationary pressures on households, with fiscal space also squeezed by fuel and food subsidy schemes.
The start of offshore oil and gas production in 2023-24 may provide a major revenue boost, but broader economic transformation will mean ensuring these financial gains are distributed inclusively in accordance with key goals of the PES to improve living conditions and tackle socio-economic inequality.
At this event, Hon. Dr Cheikh Kanté, the Minister in charge of monitoring the Emerging Senegal Plan, will outline the key factors for Senegal’s reform agenda and the policy priorities for delivering transformative change across the economy.
This meeting will be conducted in French and English with simultaneous interpretation.