Seydina Alioune Ndiaye plaide pour une restructuration de la dette sénégalaise
Seydina Alioune Ndao is advocating for a restructuring of Senegal's public debt. The guest on RFM's "Grand Jury" program this Sunday, May 31, 2026, believes the country no longer has sufficient leeway to meet its financial obligations while also addressing numerous social expectations.
According to the economist and investment banker, state resources have become insufficient to sustainably bear the burden of debt servicing. "Our resources are very limited. We cannot continue to allocate 90 to 93% of certain resources to debt repayment while social emergencies are constantly escalating," he stated.
For Seydina Alioune Ndiaye, the current difficulties reflect a worrying economic situation. "For two and a half years, the country has been at a standstill," he stated, adding that this reality is even acknowledged in some official reports from the economic administration.
Faced with this situation, he sees only one solution. "For us, there is no other way. We must restructure the debt. Absolutely," he asserted. He says he has been defending this position for several months despite the criticism it has generated. "When I spoke about restructuring in December and January, I received a barrage of criticism. Many people felt I was engaging in a kind of self-fulfilling prophecy," he recalled.
The economist, however, rejects any intention of fueling a catastrophist narrative. "We have no interest in playing against Senegal. On the contrary, we support Senegal, we are patriots and we want this country to get back on its feet," he insisted.
To illustrate the scale of the challenge, Seydina Alioune Ndiaye detailed the financial deadlines that the State will have to meet in the coming months. "Each month, Senegal will have to pay at least 300 billion CFA francs of debt as it falls due," he explained.
According to the figures put forward during the issue, repayments would reach approximately 580 billion CFA francs in June, 633 billion CFA francs in July, 318 billion CFA francs in August, 414 billion CFA francs in September, 345 billion CFA francs in November and 69 billion CFA francs in December.
"For the next two months alone, starting from June 1st, almost 1,200 billion CFA francs must be paid," he stressed, believing that resorting to exceptional financing mechanisms could not constitute a sustainable solution.
Seydina Alioune Ndiaye, a partner at the firm Fifty Four and a specialist in financing strategies and restructuring of large projects, believes that the authorities will have to quickly make important decisions in order to restore the state's budgetary margins.
For him, the challenge is to find a balance between respecting Senegal's financial commitments and the need to support the economy as well as public policies aimed at the population.
In this context, the economist believes that the next government will inherit a particularly complex task. "The next government will have its work cut out for it," he concluded.
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