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Monday 14 June 2021
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Senegal eyes sustained 7% growth

Senegalese government is eyeing a sustained GDP growth rate up to 7-8% in the next few years to make Senegal an “emergent econom y”, cabinet Director of the Finance Minister, Ms Nene Ndiaye Mboup Dieng, said i n Dakar.

Presenting an Accelerated Growth Strategy (AGS) document launched by the governm ent in 2005, she said added such performances “require specific commitment and o r ganisation”

“We must here and from now on have a clear vision, set ourselves clear objective s with a deadline, convert them into programmes and implement them. This is the o nly way to maintain the process of continuous growth we witnessed in the last two decade,” she added.

She said such growth must result in improved well-being and higher quality of li fe of Senegalese citizens.

The Senegalese government launched AGS in 2005 in five economic areas, including agriculture and agro-industry, tourism craft as well as textile and clothing.

AGS aims to provide Senegal with a ”restructured production apparatus with a st eady, safe and job-generating macroeconomic framework”.

According to official data, the average economic growth of 5% made by the country between 1995-2004 was mainly articulated around 5 sectors including trade that contributed up to 18% in the GDP, post and telecom 9%, agriculture 8%, construction 7% and property 6%.


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