Abdourahmane Sarr

Quick Facts

Full Name	Abdourahmane Sarr
Occupation	Economist
Date Of Birth	Mar 26, 1968(1968-03-26)
Age	56
Birthplace	Paris
Country	Senegal
Birth City	Paris
Horoscope	Aries

Abdourahmane Sarr Biography

Abdourahmane Sarr is one of the most popular and richest Economist who was born on March 26, 1968 in Paris, Paris, Senegal. Abdourahmane Sarr, (born 26 March 1968) in Paris, is a Senegalese economist who is the leader of the Movement for Rebirth, Liberty and Development (MRLD) – Moom sa Bopp, Mënël sa Bopp, a Senegalese social movement created in 2011, and the head of the Center for Local Economic Development Financing (CEFDEL), a think tank founded in 2010.

In October 2011, Sarr resigned from the IMF to go to Senegal and devote himself to the Center for Local Economic Development Financing (CEFDEL), a think tank he founded in 2010 and was sponsoring from Togo. He subsequently created the Movement for Rebirth, Liberty and Development (MRLD) in 2011. The numerous studies carried out at the CEFDEL provided him with a diagnostic of the socioeconomic situation in Senegal and urged him to declare his candidacy for the 2012 Senegalese presidential election to share his vision with his compatriots.

In order to effectively implement his solutions, Sarr founded the Local Development Trust Company (SOFADEL) in 2013, to enable Senegalese people from all walks of life to seize the economic opportunities available to them and to enable them to build up economic and financial wealth. For this to happen, he brought about a solution never-before-seen in Africa: the creation of a national complementary currency named SEN that would complement the CFA franc. Due to collateral problems and to the limited number of Senegalese people that have access to banking services (90% of the population is unbanked), it is difficult to achieve financial inclusion, hence Sarr’s desire to see the solutions provided by SOFADEL implemented. Members of SOFADEL would buy SENs and use them in their day-to-day transactions as a means of exchange within their respective cities, thus enabling SOFADEL to establish an investment and guarantee fund in CFA francs, that would not only represent a collective guarantee to SOFADEL members, but would also help the company facilitate access to credit in SENs and invest in its members’ respective communities.

In 2014, over 3,000 members were recruited, as well as distributors, and SOFADEL was ready to begin its activities. However, in early 2015, Senegalese authorities and the BCEAO blocked the project and collaborators were imprisoned in Ziguinchor. Despite the existence and benefits of complementary currencies in numerous countries throughout the world (WIR in Switzerland, Eusko in France, etc.) the Senegalese government opposed the project’s implementation. Nevertheless, this second setback did not stop Abdourahmane Sarr, as he continued to work on the MRLD and the CEFDEL for two years. Given the situation, he felt he had no other choice but to reenter the political arena and to participate in the 2017 Senegalese parliamentary election to convince people to vote for the MRLD and to lift the ban on the project.

Sarr was certain that he had innovative and practical solutions to his country’s developmental problems, and managed to bring together Senegalese from all walks of life (entrepreneurs, teachers, community leaders, youth, etc.) to join in support of his movement and to promote ideals of decentralization and of local economic and political empowerment consistent with values of liberty and autonomy. During the end of the year 2011, these ideals were promoted through community representative trainings and rallies held in cities throughout the country, such as Dakar, Saint-Louis, Kaolack, Ziguinchor and Thiès. The movement gathered 12,100 signatures to endorse its campaign, but Sarr’s candidacy was invalidated by the Constitutional Court, despite the fact that the 10,000 signature submission requirement had been met. According to the Constitutional Court, only 8,100 signatures were valid. Famous Senegalese singer Youssou N’Dour and financier Kéba Keindé met the same fate. Despite this setback, the movement and its leader continued the strategic thinking process and worked on raising awareness within the country, with the help of the CEFDEL.

Abdourahmane Sarr Net Worth

Abdourahmane Sarr is one of the richest Economist from Senegal. According to our analysis, Wikipedia, Forbes & Business Insider, Abdourahmane Sarr 's net worth $5 Million. (Last Update: December 11, 2023)

Born in Paris, Abdourahmane Sarr was raised in Dakar, in a family that hails from Kaolack. He was educated mostly at the Collège de la Cathédrale in Dakar before attending the Sainte Jeanne d’Arc Institute. He moved to Montreal in 1986 to do his undergraduate studies at Cégep Marie-Victorin and HEC Montréal, obtaining a BBA in finance and economics. He then obtained a master’s degree and a doctorate in economics at the George Washington University.

In 1997, Sarr began his career as an economist at the International Monetary Fund (IMF) in Washington, D.C. in the Economist Program, later becoming senior economist in 2005. A monetary affairs specialist, Sarr worked on or led many missions in various countries such as Tunisia, Morocco, Guyana, Ukraine, Bosnia and Herzegovina, Ghana, Zambia, Burundi, Cameroon and Thailand on macroeconomic, monetary and finance-related issues. He also served as the IMF’s macroeconomic advisor to the Central Bank of West African States (BCEAO) from 2005 to 2007. In 2009, he became the Resident Representative of the IMF in Togo and Benin.

In June 2012, Sarr returned to the United States to continue to reflect on the development issues of Senegal by attending Harvard University. He was admitted to the Edward S. Mason program at the John F. Kennedy School of Government, where he obtained a master’s degree in public administration. After spending a year at Harvard, Sarr returned to Senegal with the intention to implement his long-held vision.

Height, Weight & Body Measurements

Abdourahmane Sarr height Not available right now. Abdourahmane weight Not Known & body measurements will update soon.

Who is Abdourahmane Sarr Dating?

According to our records, Abdourahmane Sarr is possibily single & has not been previously engaged. As of December 1, 2023, Abdourahmane Sarr’s is not dating anyone.

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Facts & Trivia

Abdourahmane Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in Senegal. Abdourahmane Sarr celebrates birthday on March 26 of every year.