Senegal – IMPLEMENTATION OF WAEMU REFORMS
Senegal is making great strides
Senegal is a good pupil when it comes to implementing WAEMU reforms. Dakar’s rate has reached 77.5% in 2023, compared with 74.5% in 2022, an increase of 3 percentage points. These figures were released on Friday 10 May in Dakar during the political phase of the subregional institution’s 2023 annual review. The meeting was attended by the President of the WAEMU Commission, Abdoulaye Diop, the Senegalese Finance Minister, Cheikh Diba, and the Economy Minister, Abdourahmane Sarr.
The rate of implementation of West African Economic and Monetary Union (WAEMU) reforms by Dakar has reached 77.5% in 2023, compared with 74.5% in 2022, an increase of 3 percentage points according to the Minister of Finance and Budget, Cheikh Diba.
Senegal is making progress in implementing the reforms of the West African Economic and Monetary Union (WAEMU). According to the Minister of Finance and Budget, Cheikh Diba, the country has achieved a rate of 77.5% in 2023, compared with 74.5% in 2022, an improvement of 3 percentage points.
“This improvement can be explained in particular by the good performance recorded in reforms linked to economic governance, the common market and sectoral reforms”, said Mr Diba during the political phase of the WAEMU 2023 annual review.
Speaking on Friday in Dakar at the political phase of the WAEMU 2023 annual review, Mr Diba said that this encouraging result was the fruit of the efforts made by the various players in the Senegalese administration, with the constant support of the highest authorities. “This improvement can be explained by the performance recorded in carrying out reforms in the areas of economic governance and convergence (+2.5 points), the common market (+5.7 points) and, to a lesser extent, sectoral reforms (+1.1 point)”, explained the Minister.
A total of 131 reforms and 7 community projects were examined during the technical phase of the review, which took place in Dakar from 30 October to 2 November 2023. The minister praised the importance of these annual reviews initiated by WAEMU, which provide a framework for assessing the progress made and identifying the measures to be taken to consolidate performance and correct shortcomings.
“They also enable public administrations to share successful experiences in terms of reforms, policies, programs and projects”, emphasized Mr Diba. With regard to the other Member States, the Minister indicated that significant progress had been made overall, while stressing the need to continue efforts, particularly in finalizing the processes for validating documents and monitoring Community programs.
Mr Diba reaffirmed the Senegalese government’s commitment to taking all necessary steps to reinforce the application of reforms and the implementation of the Union’s policies and projects, under the impetus of the organisation’s Commission. At the end of this political phase, the results will be presented to the Prime Minister at an audience with the President of the WAEMU Commission, Abdoulaye Diop, in the presence of the finance minister.
ARD/ac/APA
