Senegal: Donors pledge $7.8bn for development

Donors meeting in Paris on 24 February pledged CFA3.73trn ($7.8bn) for a development plan aimed at doubling economic growth over the next decade. President Macky Sall, who was elected in 2012 to replace Abdoulaye Wade, has sought to stamp out corruption, create jobs and diversify the economy, but growth is hampered by a lack of indigenous energy resources.The government, which presented its ten-year, $21bn “Emerging Senegal” plan to private and public sector institutions in Paris, had sought CFA2.97trn to fund its plans for the next four years, but managed to raise significantly more.