Crise économique : Madana Kane présente le PARÉ comme réponse urgente pour relancer l’économie Sénégalaise
In response to the economic and financial crisis facing Senegal, economist and leader of the Startup Dundu party, Madana Kane, presented on Monday, December 15, the Economic Recovery Acceleration Program (PARÉ), which he describes as an urgent and structured response to the country's current difficulties.
According to him, this initiative aims above all to make a political and technical contribution to the national economic debate while proposing a clear path to get Senegal out of what he describes as a "difficult, even catastrophic" situation on the economic and financial level.
"This program is extremely important because it addresses the economic and financial situation the country is experiencing. As a political party, it was our responsibility to provide solutions and chart a credible path for recovery," he explained.
A two-pronged program to revive and stabilize the economy
The PARÉ is based on two major axes. The first is dedicated to the recovery of the economy while the second concerns the recovery of public finances.
"The PARÉ has two components: the recovery of the economy and the recovery of public finances," Madana Kane explained during the presentation.
In concrete terms, the program is structured around 38 measures, including 20 aimed at economic recovery focused on production, employment, and consumption, and 18 measures dedicated to the consolidation of public finances. These latter measures notably concern the recalibration of the role of the State, the streamlining of the semi-public sector, financial engineering to mobilize new resources, and international financial diplomacy.
A different approach to the government's PRESS plan
When asked about Senegal's Economic and Social Recovery Plan (PRESS), the economist believes that it does not constitute a genuine recovery policy.
"The PRESS is essentially a program to restore public finances. It allows the State to function and balance its budget, but it is not an economic stimulus plan," he argued.
Conversely, the PARÉ aims to be more ambitious by combining the revival of the real economy and fiscal consolidation.
"We are going beyond what has been done by proposing a broader and more structured path to revive the economy, which will also help to restore public finances," he said.
Feasibility and financing of the PARÉ
The former director general of the Islamic bank asserts that the program's feasibility is clearly established. Each proposed measure is accompanied by details on its implementation and the expected gains, both budgetary and economic.
Regarding financing, he mentions several levers: optimization of existing resources, budgetary arbitration, use of innovative financing and strengthening of financial diplomacy.
Relations with the IMF: realism and pragmatism
Addressing the discussions between Senegal and the International Monetary Fund (IMF), Madana Kane calls for a realistic and pragmatic approach.
"It's not about proposing anything to the IMF, but about each party playing its part. The state must be realistic about the sustainability of its debt and the IMF must support the states," he said.
According to him, recognizing economic difficulties is an essential condition for making the right decisions.
"When you are sick, you have to recognize that you are sick in order to get treatment," he illustrated.
The leader of the Dundu party also insists on the strategic importance of the IMF, stressing that the appreciation of this institution strongly influences the confidence of financial partners and investors.
A message to investors and authorities
Madana Kane finally believes that certain political statements can worry the markets because the latter react above all to information and the consistency of positions between the State and its international partners.
"When there is a perceived divergence between the state and the IMF, the market becomes cautious," he explained, calling for better coordination and more nuanced financial diplomacy.
In the eyes of the economic expert, economic sovereignty is an objective to be built over time and cannot be decreed without strategy and pragmatism.
Commentaires (10)
Qu'il sache qu'on le connait.
Deficit de 12,8% en 2024 ramené à 7,8% en 2025 et prévu à 5,3% en 2026.
Mon cher Madan qu'est ce que le plan que vous nous proposez est prét à faire au delà de ces éfforts qui relève vraiment du pragmatisme et d'un engagement patriotique.
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