Senegalese President Macky Sall launched, Tuesday, May 10 in Dakar, a program of financial allowances for more than 500,000 poor households, to help them cope with the effects of the war in Ukraine and the epidemic of Covid-19. Since the start of the war in Ukraine at the end of February, oil prices have soared on world markets, fueling a sharp rise in fuel and food prices in many countries, including Senegal.

“To provide solutions to the unfavorable economic situation, I decided to support the resilience of 542,956 households to receive from the State an exceptional financial cash transfer in the amount of 43.4 billion CFA francs [ 66 million euros],” Macky Sall said during a ceremony at the Grand Théâtre in Dakar. “The objective is to give 80,000 CFA francs [121 euros] per household and to improve their level of consumption and the education of their children”, added the president, who described the operation as a “measure of ‘exceptional urgency’.

The state will use mobile payments to transfer funds to poor households, authorities said. The funds used to finance this operation come from a World Bank project, with other donors including Germany and the United Kingdom, indicated the director of operations of the World Bank for Senegal, Nathan Nice summer.

Senegal, a country of over 17 million people, is ranked among the poorest in the world. The minimum wage there is 75 euros. The country’s economy returned to its pre-COVID-19 growth trajectory last year, but the war in Ukraine is “darkening the outlook” for the economy, the International Monetary Fund (IMF) said in a March statement. .

The rise in global food and energy prices caused by this conflict adds “to the aftermath of the pandemic, regional insecurity and increased social demands in the run-up to parliamentary elections in July”. , Edward Gemayel, who led an IMF mission to Senegal from March 9-15, said recently: public expenses. »


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