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Debt payment: Senegal spends nearly 590 billion CFA francs each month

17/02/2026
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The West African country devotes nearly 590 billion FCFA when paying its debt, i.e. about 20 billion FCFA per day. This amount corresponds to approximately 90 billion FCFA in interest. and nearly 500 billion CFA francs for the reimbursement of capital.

The interests alone represent 2.5 billion FCFA per day, i.e. more than 1,000 billion CFA francs per year, a bill increased by the deterioration of the country's sovereign rating. The repayment of capital a reached 6 000 billion FCFA in 2025, and could exceed 7 000 billion FCFA in 2026. This severely limits the investment capacity of the State. La The deterioration of the country's sovereign rating has contributed to an increase in this burden. The addition interests valued at 90 billion FCFA and repayments of capital close to 500 billion FCFA thus leads to a monthly total of around 590 billion FCFA paid to creditors.

This situation occurs in a context fiscal budget already marked by a significant gap between expenditure and revenue. The annual expenditure of the State amounts to approximately 6 000 billion CFA francs, while total revenues hardly exceed 4 000 billion CFA francs. The structural deficit, estimated at 2,000 billion CFA francs per year, is added to an outstanding amount debt equivalent to 132 percent of the Gross Domestic Product.

In addition, the authorities have initiated a strategy of increased mobilization of resources on the domestic market in order to raise funds at the local level and with the diaspora, in particular through” diaspora bonds.” This option makes it possible to consider maturities of repayments spread over ten to twenty years and financial conditions likely to be less restrictive than those observed on the markets international markets, whose access has increased as a result of the deterioration of country rating.

This orientation is aimed at also to limit recourse to the International Monetary Fund, whose support is generally accompanied by conditionalities relating to the reduction of public workforce, restructuring of state entities, budgetary adjustments and structural reforms that may restrict room for manoeuvre governmental.

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