The National Credit Council (Cnc) of Senegal, during its 26th meeting, held yesterday, in the premises of
the main agency of the Bceao in Dakar, called for the respect of the calendar of the next campaign of
peanut marketing.
Adherence to the calendar for the next groundnut marketing campaign, in particular the
availability, at the right date, of production and collection forecasts by oil producers. Such are
some of the recommendations made by the National Credit Council (Cnc) following its meeting
of yesterday.
The body of the main agency of the Bceao insisted on the fixing, as soon as possible, of the price at
producer, the opening of the marketing year on appropriate dates and on the clearance of
commitments to stakeholders under previous campaigns.
This meeting, which was held under the chairmanship of the Director of the Center for Policy Studies for
Development (Cepod), member of the Monetary Policy Committee (Cpm) of the Central Bank, the
representative of the Minister of Finance and Budget, Aliou Faye, took note of the results of the financing of the
agricultural marketing campaign 2018-2019 and the state of readiness for the next campaign
2019-2020, presented by the Agricultural Bank.
The Board deemed it necessary to urgently implement the recommendations made by the Bank
agriculture, focusing in particular on the consolidation of the achievements of the permanent consultation between the actors
within the Campaign Monitoring Committee, chaired by the Ministry of Finance and Budget. He invited to
provide the Agricultural Bank with adequate financial resources and further encourage the
banking system to get involved in financing marketing needs.
The Board meeting also took note of the situation of credit institutions at the end of June
2019 marked by a positive evolution of the main aggregates, in particular customer loans and
shareholders' equity up, year on year, by 14.9% and 9.4% respectively. He welcomed the
overall satisfactory level of prudential ratios, with an average solvency ratio of 11.7% at the end of
December 2018 for a minimum standard of 9.5%. Concerning the quality of the institutions' portfolio
of credit, the Board invited the services of the Bceao to ensure close monitoring of the evolution of
outstanding debts. Furthermore, it deemed it appropriate that particular attention be given to the
availability of increased resources in the banking system, with a view to preserving the dynamics of
private sector financing.