Senegal through  the Ministry of Economy and Planning and Cooperation has established an action plan, defined on 10 pillars to ensure economic recovery in 2021.

The aim is to complete the reform on public-private partnership (PPP) contracts, an important component of public procurement.   Strengthen the  monitoring of the macroeconomic framework and economic monitoring as well as the animation of economic activity. Among other things , the extension and monitoring of the implementation of the Adjusted and Accelerated Priority Action Programme (PAP2A).

It was at the end of a plenary session, held on  Monday 7 December, at the National Assembly (devoted to the vote on the 2021 budget of the said ministry), that the programs were presented to parliamentarians. In his speech, the Minister of Economy, Planning and Cooperation, Amadou Hott,  indicated that the budget of his department is structured around 2 flagship programs .

The first concerns a competitive economy that creates jobs. The second is private sector cooperation and public-private  partnerships (PPPs). These two trade programs, at the heart of pap2A,  he points out, converge  towards the creation of shared wealth and jobs.

Clarifying the extraversion of the Senegalese economy, the silversmith was categorical, it is not controlled by foreigners . Based on statistics from the National Agency for Statistics and Demography (ANSD), the minister revealed that in 2018, out of all large companies, whose turnover is more than 1 billion ($1.8 million), out of 100  companies, Only 26 are controlled by international private individuals.

The national private sector, through businessmen and women, controls 74% of companies. These local companies generated more than 1368 billion FCFA ($2.5 billion) in added value. Of this total amount, $525 billion ($970.6 million)  was used to pay wages  and social contributions for  workers in that country. Over the same period, all foreign companies (foreign-owned capital) paid a total of $229 billion ($423.3 million) in dividends. Out of an added value of $1368 billion ($2.5 billion), only $100 billion ($184.8 million)  came out of the country in dividends, accounting for less than 10 percent, he revealed.

As a reminder, the 2021 budget of the ministry  was adopted at a total amount of 92,327,581,584 CFA  francs ($170.7 million) in commitment authorizations. Thus, an amount of 54,785,506,682 CFA  francs ($ 101.2 million) in commitment  authorization will be dedicated to the cooperation program, the development of public-private partnerships (PPPs) and the private sector.

A sum of 33,728,505,646 CFA francs ($62.3 million) will be allocated to the program, which will support the productive, competitive and job-creating economy. And finally, an envelope of 3,813,569,256 CFA francs ($7 million) will be used to manage management and administrative coordination.