Senegalese Prime Minister Ousmane Sonko on Friday unveiled a new economic recovery plan, vowing to fund 90% of the initiative using domestic resources while steering clear of further debt accumulation.
The plan is designed to stabilize the country’s finances as Senegal navigates economic headwinds despite recently commencing oil and gas production.
It also comes amid heightened concerns over financial transparency following revelations of undisclosed debts left by the previous administration, an issue that prompted the International Monetary Fund (IMF) to suspend its loan programme.
“We will turn to external partners solely for the asset recycling component,” Sonko stated during the launch event in Dakar, underlining a strong commitment to domestic resource mobilization as the backbone of the recovery effort.
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