Senegal’s New Leadership Revives Plans for Diaspora Bank to Harness $2.5 Billion in Annual Remittances
Gambiaj.com – (MATAM, Senegal) – The Senegalese diaspora, a crucial pillar of the nation’s economy, transfers a staggering $2.562 billion (over 1,500 billion CFA francs) annually, amounting to 10.5% of the country’s GDP. This massive financial inflow surpasses the amount of development aid received by Senegal, highlighting the significant role played by Senegalese citizens living abroad.