In an article entitled ” Le pire n’est jamais sûr : Éviter absolument le défaut ou transformer la crise en opportunité “, the former Minister of Economy Doudou Ka warns of the seriousness of the financial situation in Senegal. He speaks of a “unprecedented” crisis, marked by tensions in the treasury, the fall of the Eurobonds, the absence of an agreement with the IMF and a de facto “real” risk of default. According to him, a default would be a failure both financially and morally, which would severely affect households and weaken the sovereignty of the country. To avoid this scenario, Doudou Ka calls for overcoming political disputes and giving priority to action: “Senegal is going through an unprecedented crisis: tensions in the treasury, the collapse of Eurobonds, institutional uncertainties, the absence of a financing agreement with the IMF… The risk of default is no longer theoretical, it is real! I’m not sure. For the former minister, a default of payment would be a “moral as well as financial failure”, the consequences of which will hit hard the daily life of Senegalese households, des ménages aux goorgoorlus (débrouillards). The fundamental issue is the economic sovereignty of the country.
Doudou Ka warns: ” The risk of default of Senegal is real ”
