Pastef: Innovative financing for the first time

The PASTEF (Senegalese Party for Work, Ethics and Fraternity) Project has put forward innovative economic initiatives, such as an online fundraiser that raised 333 million FCFA in January 2023, to finance its activities independently. These initiatives are part of a broader development perspective for Senegal, focusing on growth sectors such as agriculture, crafts, the blue economy, the digital economy and the green economy. PASTEF, through its members, seeks to promote an inclusive development model focused on the country's potential. PASTEF's economic initiatives

• Alternative financing : PASTEF has used online fundraising to finance its activities, breaking away from traditional financing and political lobbies.
• Political independence : The use of these financing methods is seen as a way of guaranteeing greater political independence and combating corruption.

Growth sectors in Senegal

• Agriculture : The potential is enormous, with arable land, irrigation and a favorable climate.
• Blue Economy: Senegal has a wealth of maritime and fishing resources.
• Digital economy : The development of the digital economy is opening up new opportunities.
• Energy : The development of renewable energies is an important area of development.
• Green economy : The emphasis is on sustainable, environmentally-friendly growth.

Decentralization context

• Territorial reforms have already taken place in Senegal to give more economic powers to communes, thereby strengthening decentralization and local development.