Financement du PRES : Le Sénégal vise 300 milliards FCFA sur le marché de l'UMOA, un bouclier contre le gel du FM
According to several sources close to the matter, Senegal is preparing a new foray into the regional financial market of the West African Monetary Union (WAEMU) starting this September, with a public bond offering of 300 billion CFA francs. This operation, structured into four tranches with maturities of 3, 5, 7, and 10 years at rates ranging from 6.40% to 6.95%, would mark the country's second foray into this market in 2025, following an April issue that raised 415 billion CFA francs.
The Ministry of Finance declined to comment on the transaction, which is subject to market regulations.
This strategy is intensifying in the face of a deteriorating debt profile, revealed by the Court of Auditors last February: a "hidden debt" of nearly $7 billion (4,245 billion FCFA) incurred between 2019 and 2024 under the administration of Macky Sall. The debt-to-GDP ratio, initially announced at 74.41% at the end of 2023, was revised to 99.67% and then to 111%, reaching 118.8% at the end of 2024. At the same time, Senegal has already raised 1,262.5 billion FCFA on the WAMU government securities market in the first half of 2025, compared to 260 billion in 2024, 340 billion in 2023, 150 billion in 2022, and 100 billion in 2015.
This acceleration in the use of the regional market, which contrasts with recent tradition, aims to finance the priorities of the Economic and Social Recovery Plan (PRES) in a context of suspension of IMF disbursements. It reflects a diversification of financing sources to preserve budgetary stability, despite the challenges posed by market volatility and the need for increased transparency.
Commentaires (9)
Si je peux avoir 6,95% sans payer de commission à qui que ce soit, je suis partant.
Les thiounés
Ils n'ont ni le niveau intellectuel, ni la hauteur pour cela.
Leur obsession des réseaux sociaux montre le bas niveau de leurs réflexions, toujours dans le court terme !
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