Economic recovery: President Diomaye Faye insists on the clearance of the domestic debt and the resumption of construction sites
The President of the Republic, Bassirou Diomaye Faye, asks the government to accelerate the relaunch of economic activities, to resume stopped construction sites and to quickly clear the domestic debt. During the Council of Ministers on Wednesday October 28, he also insisted on the financing of agricultural and horticultural campaigns as well as the execution of priority public investments.
Economic recovery is among the priorities set by the President of the Republic, Bassirou Diomaye Faye, for the government. During the Council of Ministers on Wednesday October 28, the Head of State asked the Prime Minister to take the necessary measures to accelerate economic activities and the implementation of public projects, in particular those included in the 2026 and 2027 budgetary guidelines.
Among the presidential instructions is the rapid clearance of the domestic debt, in consultation with organizations representing the private sector. This measure aims to place the settlement of State commitments to businesses at the heart of economic recovery efforts.
The President of the Republic also insisted on the need to take concerted actions to revive economic activities and stopped construction sites. An orientation which concerns in particular the continuation of public investments and the acceleration of projects in priority sectors.
In this perspective, Bassirou Diomaye Faye requested a comprehensive assessment of the implementation of the Economic and Social Recovery Plan (PRES), as well as an inventory of the deployment of projects relating to the National Transformation Agenda Senegal 2050. The Head of State thus intends to have an assessment of the progress of these programs and accelerate their execution.
Public investments and agricultural campaigns in the crosshairs
Social infrastructure is also among the presidential priorities. The Head of State asked the government to intensify the construction and equipment of public health establishments, universities, Higher Institutes of Professional Education (ISEP) and modern schools, with qualified personnel.
He also insisted on the acceleration of rural electrification and hydraulic projects, in particular the Grand Transfer of water to the agglomeration of Touba-Mbacké and the new multi-village drilling program.
The financing of marketing campaigns for agricultural and horticultural products is among the other issues submitted to the government’s attention. This orientation places the needs of agricultural sectors among the levers identified to support economic activity.
At the same time, the President of the Republic asked the Prime Minister to take stock of the progress of the New Technological Deal and to accelerate the rationalization of the public and parapublic sectors.
Social stability as a condition for recovery
Bassirou Diomaye Faye also insisted on the need to preserve a calm social climate to support the resumption of economic activities. He invited the government to continue the dialogue with the trade union centers in order to reach lasting consensus.
The Prime Minister will have to ensure close monitoring of this dialogue within the framework of the Social Stability Pact for inclusive and sustainable growth, signed on May 1, 2025.
Through these instructions, the Head of State places the resumption of economic activity, the settlement of the domestic debt and the acceleration of public investments at the center of government priorities. The implementation of these guidelines should notably result in the relaunch of construction sites, the advancement of priority projects and support for economic players.
