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International Business Times
International Business Times
Business

Senegal PM Unveils Economic Recovery Plan Based On Domestic Resources

Senegalese Prime Minister Ousmane Sonko unveiled a new economic plan for reviving the economy (Credit: AFP)

Senegal's prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shift towards greater domestic funding.

The west African country faces a deteriorating economy, marked by a 14-percent budget deficit and outstanding public debt that represents 119 percent of GDP, said Senegal Economy Minister Abdourahmane Sarr.

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