UNIDO supported Senegal's new Priority Action Plan 2019-2023 at Consultative Group Meeting

UNIDO supported Senegal's new Priority Action Plan 2019-2023 at Consultative Group Meeting

PARIS, 17 December 2018 - UNIDO participated in the Consultative Group Meeting on the Second Priority Action Plan (2019-23), held at the World Bank headquarters in Paris. The meeting was attended by multilateral and bilateral partners, and development finance institutions and agencies. UNIDO was represented by Fatou Haidara, Managing Director, and by Christophe Yvetot, Country Representative in Senegal. Other UN representatives included the International Fund for Agricultural Development (IFAD), the UN Development Programme (UNDP) and the World Food Programe (WFP).

The President of the Republic of Senegal, Macky Sall, led a large delegation that consisted of the President of the High Council to Territorial Communities, the President of the Economic and Social Council, members of the Government, representatives of the Presidency, senior public administration officials, representatives of the private sector, Parliament and civil society. In his opening statement to the Consultative Group meeting, the President recalled his vision of an emerging Senegal by 2035, the results achieved, and his commitment to deepen the structural reforms required.

After the opening ceremony, the Minister of Economy, Finance and Planning, Amadou Ba, presented the key results obtained by Senegal over the last five years and highlighted the main axes of the second phase of the Plan Senegal Emergent (PSE), the macroeconomic outlook and the structural reforms underpinning it as well as the financing needs of the second PSE action plan for the period 2019-23.

The various speakers commemorated the Government's vision and the relevance of the PSE, and the exceptional results recorded since its start. Pledges for 2019-23 amounted to approximately US$14.3 billion while the Government was requesting $5 billion, demonstrating the commitment of international partners. One of the country's main priorities is inclusive and sustainable industrialization and the reinforcement of the Programme for Country Partnership with UNIDO.

Haidara noted during the meeting, that "this exceptional financial mobilization is a demonstration that structural change can happen quickly in Africa if reforms that support productive investments are put in place. Senegal is becoming a model for other African countries willing to accelerate their industrialization. UNIDO will continue to support the reforms and projects of Senegal, particularly the industrial policy, special economic zones, industrial parks, agropoles and the regional mining hub. The large pledges are an encouragement for the President of Senegal who has recently been distinguished by UNIDO as Champion of the Third Decade for the Industrial Development of Africa 2016-2025 to continue his efforts for the industrial emergence of Senegal".

The President also participated in the Investment Forum of the Consultative Group that mobilized more than 850 businesses interested in investing in Senegal. In his opening remarks, the President welcomed the representatives of the private sector and explained that the second phase of the Plan for an emerging Senegal will focus on private investment in order to offer youth and women more quality job opportunities. As an example of an attractive business environment, the President highlighted the importance of the Industrial Park of Diamniadio, a special economic zone that will create 5,000 jobs by 2019 and more than 23,000 in the near future.

Yvetot added, that "the reforms and projects supported by UNIDO such as the special economic zones and the industrial parks and agropoles combine good incentive packages and efficient logistical ecosystems that will help companies flourish in Senegal. The new Priority Action Plan, in cooperation with UNIDO, will help accelerate and scale-up those reforms and projects".

For more information, please contact:

Christophe Yvetot

UNIDO Representative in Senegal