Senegal has unveiled its National Development Strategy for the period 2025-2029, accompanied by a Priority Action Plan. The objective is to raise 18,496.83 billion CFA francs on the domestic market to finance the economy. This strategy consists of traditional public financing of 11,510 billion CFA francs, a public-private partnership of 4,371 billion CFA francs, and private investment of 2,615.8 billion CFA francs.
The public investment program is estimated at 12,821.4 billion CFA francs, while the private sector is expected to contribute 5,675.38 billion CFA francs. An innovation in this strategy is the absence of seeking public funding for the five-year plan, explains the Director General of Planning. The public deficit will be covered by cooperation agreements and by regional and private financing, particularly in collaboration with the national and African private sector.
Investments will be distributed along four axes, with priority given to the development of human capital. The new economic framework places emphasis on improving basic social services for all.
The plan recognizes Senegal’s current social challenges, including an inadequate education system and insufficient funding of social sectors. To remedy these problems, the State plans to gradually disengage from productive sectors, thus freeing up resources to meet growing social demand. Emphasis will be placed on greater involvement of the private sector in wealth creation.
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