Senegal’s Prime Minister Ousmane Sonko has unveiled a brand new financial restoration plan, pledging that 90% of this system will likely be financed utilizing home sources to scale back reliance on overseas debt.
“We will only seek external partners for the asset recycling portion,” Sonko said, stressing the federal government’s dedication to inside useful resource mobilization because the spine of the restoration.
Senegal, which started producing oil and gasoline in 2024, is seeking to stabilize its financial system and restore credibility with worldwide lenders and traders.
The new technique aligns with President Bassirou Diomaye Faye’s broader push for financial sovereignty and elevated transparency following his election in April 2024 and Sonko’s appointment as prime minister shortly thereafter.
The restoration plan marks a major coverage shift in a area the place many economies stay closely depending on worldwide support and exterior borrowing.
