In Paris, Senegal exceeds its resource mobilization goals

26 Feb 2014

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Convening in Paris on Monday, the Consultative Group for Senegal mobilized 7.46 billion dollars to boost the Senegalese economy, far exceeding the goal the country had set for itself.

Meeting at the headquarters of the World Bank in Paris, the roundtable of donors was led by Senegalese President Macky Sall, bringing together bilateral and international development organizations and representatives of the private sector and civil society.

The United Nations Development Programme (UNDP) was represented by Abdoulaye Mar Dieye, UNDP’s Regional Director for Africa and Bintou Djibo, the UNDP Resident Representative in Senegal.

This new funding will support the Emerging Senegal Plan (PES), which aims to accelerate the country’s economic growth to at least 7 percent in 2018 and help the nation achieve Middle Income Country Status by 2035.

"The plan is based on the optimum utilization of strategic sectors of our economy such as the agricultural sector, infrastructure, energy, mining, tourism, ICT and housing, which promote growth and employment, " Macky Sall said during the meeting.

Senegal’s economic growth rate increased from 2.1 percent in 2011 to 4.1 percent in 2013. Through the implementation of ambitious policies, the country has made real progress on the Millennium Development Goals, particularly in the area of girls' education, the fight against HIV/AIDS, and access to drinking water.

The country has also developed an extensive program of household subsidies and introduced universal health coverage, aimed at protecting the most vulnerable and correcting inequalities.

In the area of governance, Senegal has achieved 43 percent representation of women in parliament, placing the country among the first in Africa in this domain.

Addressing the Consultative Group, Abdoulaye Mar Dieye discussed the determinants of success in development : good governance, culture of entrepreneurship, social protection and inclusive development.

"The challenge today is to go to scale at a faster pace," he said.

The United Nations has been supporting Senegal in three broad areas: structural transformation of the economy and promotion of human capital; social protection and sustainable development; governance, institutions, peace and security.