Senegal’s Economic and Social Transformation Program

Senegal’s Economic and Social Transformation Program is designed to reform the economy through five strategic pillars aimed at resource mobilization and inclusive development. It aims to ensure equitable distribution of wealth through measures such as universal digital identification to strengthen financial inclusion, and food and medical security to cover the needs of millions of households. The implementation of an innovative fiscal policy based on Modern Monetary Theory (MMT) and the introduction of central bank digital currencies (CBDC) aim to modernize the financial system and reduce dependence on external debt.At the same time, the program calls for improved public management via an integrated government resource planning (GRP) system, for greater transparency and efficiency. By adopting solutions tailored to local realities, as suggested by economists such as Daron Acemoglu, Senegal could overcome obstacles such as debt, corruption and the colonial legacy. By combining technological innovation and public management reform, this program aims to boost the country’s inclusive growth and economic prosperity.