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Senegal Prime Minister Targets 6% Annual Growth Through 2017

Senegal’s economy will expand 6 percent a year through 2017, helping the West African nation narrow its budget deficit, Prime Minister Aminata Toure said.

“Senegal is committed to set its average growth rate to 6 percent,” Toure told the national assembly in the capital, Dakar, today. She was appointed Sept. 1.

The government wants to improve the business climate for private investors by simplifying customs procedures before the end of the year, she said. Senegal fell four spots this year to 166 out of 185 nations in the World Bank’s Doing Business report, which ranks countries on how easy it is for a company to operate there.

“By 2015, reforms will be completed in order to improve Senegal’s score at Doing Business and create a more favorable environment for the private sector,” she said.

Gross domestic product is set to expand 4 percent this year, Finance Minister Amadou Ba said last month. Efforts undertaken to consolidate public finances enabled growth to recover to 3.5% in 2012 from 2.1% in 2011, she said.

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