Senegalese Prime Minister Ousmane Sonko disclosed the country's 25-year development plan on Monday. The plan, called "Senegal 2050," aims to reduce foreign dependence and debt by prioritizing local resources and human capital.
Inspired by Japan's success, the plan targets poverty reduction, tripling per capita income by 2050, and achieving annual economic growth of 6-7%. It will be implemented through eight development hubs across the country.
Senegalese Prime Minister Ousmane Sonko revealed that Senegal's public finances are in worse shape than previously acknowledged, citing a larger budget deficit and public debt than reported by the previous government. He accused the previous government of manipulating financial data, a claim denied by the former administration.