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Latest Economy news from SenegalInfos, with trusted reporting and updates from Senegal, Africa and the world.
The International Monetary Fund mission in Dakar, led by Mercedes Vera Martin, is due to conclude this Tuesday, September 1. The issue of a programme is presented as a key matter during this visit.
Ratings agency Moody’s downgraded Senegal on Friday from Caa1 to Caa2. The move places the country one notch lower on the agency’s rating scale.
Senegalese banks hold an increasing share of government securities issued by the state, according to Leral. Fitch Ratings believes the situation carries a contagion risk.
Preparations for the 2027 finance bill are taking place in a context Leral describes as unprecedented. The outlet points in particular to high debt levels and the absence of an IMF programme.
In a contribution published by SeneNews, Kalidou Bâ describes Moody’s Ratings’ downgrade of Senegal’s sovereign rating to Caa2, with a negative outlook, as concerning. He calls for greater institutional stability, fiscal discipline and productive investment.