Senegalese President Bassirou Diomaye Faye has called on his government to prioritize economic recovery, emphasizing the need to accelerate economic activities and settle domestic debt. During a cabinet meeting on October 28, Faye instructed the Prime Minister to take necessary measures to boost economic activities and implement public projects, particularly those outlined in the 2026 and 2027 budget plans. This move aims to stimulate economic growth and improve the country's overall development.
The President's instructions also include the rapid settlement of domestic debt, in consultation with private sector representatives. This measure seeks to prioritize the state's commitments to businesses, ensuring timely payments and fostering a favorable business environment. Faye's emphasis on domestic debt settlement reflects his administration's commitment to supporting economic recovery and promoting sustainable growth.
In addition to debt settlement, President Faye has stressed the importance of resuming stalled projects and implementing priority investments. He has requested a comprehensive evaluation of the Plan de redressement économique et social (PRES) and an update on the Agenda national de transformation Sénégal 2050. This will enable his administration to assess progress, identify challenges, and accelerate the implementation of key projects.
The President's priorities also include investing in social infrastructure, such as healthcare facilities, universities, and vocational training institutions. He has urged the government to expedite rural electrification and water supply projects, including the Grand Transfert d'eau vers l'agglomération de Touba-Mbacké and a new multi-village drilling program. These initiatives aim to improve living standards and support economic development.
Furthermore, President Faye has emphasized the need to support agricultural and horticultural campaigns, ensuring timely financing and effective implementation. This focus on the agricultural sector reflects the administration's recognition of its crucial role in driving economic growth and promoting food security. By prioritizing these sectors, the government aims to stimulate economic activity and improve the livelihoods of rural communities.
To achieve these goals, President Faye has stressed the importance of maintaining social stability and promoting inclusive growth. He has encouraged the government to engage in ongoing dialogue with trade unions, seeking to establish durable consensus and ensure a smooth implementation of economic reforms. This approach aims to foster a stable and supportive environment for economic recovery and development.
The President's instructions have set clear priorities for the government, focusing on economic recovery, debt settlement, and investment in key sectors. By implementing these measures, the administration aims to stimulate economic growth, improve living standards, and promote sustainable development in Senegal. The government's progress in implementing these priorities will be closely watched by stakeholders, both domestically and internationally.
Key points
- President Diomaye Faye prioritizes domestic debt settlement and resumption of stalled projects to stimulate economic growth.