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International financial market: Senegal raises 181 billion CFA francs

31/10/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Dans le cadre de la couverture des besoins de financement plus élevés ressortis de l' audit préliminaire des finances publiques, le Sénégal a réussi à mobiliser 300 million dollars (about 181 billion CFA francs)

on the international financial market.

The Ministry of Finance and Budget informed in a press release that the mobilization launched on the international financial market responds to a need to consolidate financing due to the delay of initially planned disbursements from the International Monetary Fund ( Fmi) due to the audit. According to the press release, “the success of this fundraising, which comes after the annual meetings of the IMF and the World Bank, during which Senegal conducted transparent and responsible communication with all its partners, among all its partners, reflects the renewed confidence of investors. international agreements with the signature of Senegal.” According to the Ministry of Finance, this operation demonstrates adherence to the new guidelines of the Government of Senegal in terms of the transparent management of public finances and to the “Senegal 2050" vision of the new public policy framework. This issuance of securities, which is the last for 2024, allows Senegal to maintain a position of transparency and credibility with investors, consolidating its status as a stable and responsible issuer. Fundraising took place in the form of the reopening of bond securities issued last June, with a maturity in

2031.
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