Senegalese Prime Minister, Cheikh Hadjibou Soumaré, has said it is not an exaggeration to say that the world is fighting for its survival regarding the global financial crisis. Mr. Soumaré said this while opening deliberations of the 8th session of the Presidential Investment Council in Dakar, Senegal, on November 17, 2008.

He pointed out that the situation was a huge threat to African economies, adding, however, that it also offered many opportunities. He advised that the exigencies of the global context must serve as a guide and "should help us focus on priority actions and measures which could serve as a catalyst for the creation of a healthy and promising environment that is conducive to the creation of wealth and opportunities for prosperity.

" He added that focus should be on how to manage the necessary changes and interruptions in order to restore a global business environment that will make it possible to overcome the situation.