(Ecofin Agency) - The investment project is part of the 2035 Plan for an Emerging Senegal (PSE) that aims to reduce social inequalities and injustices and enable Senegal to become an emerging country by 2035.
Senegal will invest over US$806.3 million in a new regional investment project, informs a release published at the end of the December 28, 2022, ministerial council.
The project, called Regional Priority Investment Program (PIP), is part of the 2035 Plan for an Emerging Senegal (PSE) that "aims to transform Senegal into an emerging country by 2035". PIP, which will be implemented in Tambacounda, is expected "to lay the foundations for sustainable development based on territorial public-private investment potentials and needs.
It will focus on seventeen axes in several sectors including security, education, health, culture, infrastructure, agriculture, mining, etc. Under the PSE, several social reforms have been implemented. They include the allocation of family security grants to the poorest households, the equal opportunity card for the disabled, universal health coverage, the revaluation of retirement benefits, free cesarean sections, and the improvement of workers' income, among others.
Thanks to the PSE, authorities hope to transform the economy and promote human capital, good governance, and the rule of law.