Senegal’s government plans to unveil a comprehensive review of the nation’s financial status this Thursday. This announcement comes six months after President Bassirou Diomaye Faye and Prime Minister Ousmane Sonko took office, promising radical change.
The leaders campaigned on a platform of social justice and economic sovereignty. They aimed to address the high cost of living and rising unemployment in the West African nation.
After taking office in April, President Faye directed Sonko to assess the country’s financial health thoroughly. Sonko’s office announced the review’s findings will be shared publicly, inviting media coverage for transparency.
The review aims to identify financial shortcomings and propose measures to address them. Previously, government initiatives were stymied by an opposition-controlled parliament, prompting Faye to dissolve the assembly in mid-September.
The International Monetary Fund (IMF) has warned of challenging economic conditions for Senegal. Unemployment has risen to 21.6 percent, further stressing the economy.
A government source indicated that Thursday’s review will clarify the nation’s financial baseline. This assessment aligns with the upcoming launch of the “Senegal 2050 – National Agenda for Transformation” on October 7, which aims to reshape the economy towards self-sufficiency.
