The Senegal country diagnostic report is part of the series in selected African countries, in implementation of the Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa) initiative.
The main objectives are as follows:
A. Lower the cost of remittances to Senegal in line with Sustainable Development Goal (SDG) 10.c and the Global Compact for Migration.
B. Reduce the use of informal remittance channels to Senegal.
C. Improve financial inclusion with remittance-linked financial services.
The diagnostic is a working document that is regularly updated as additional information becomes available. Currently, the report provides an evaluation of remittance market into Senegal, under a supply-based approach.
Based on the results of this diagnostic, recommendations were formulated and included in a road map proposing an approach structured around priority actions to achieve the objectives of PRIME Africa. Toward this end, coordination and alignment with public policies and those of other international development agencies will be crucial, including potential financing to implement the road map. Plans call for financing to be made available to the public and private sectors for implementation of the road map.
The diagnostic series can be downloaded on the RemitSCOPE web portal.