Faced with the successive deterioration of its sovereign status and restricted access to the international market, Senegal continues to rely heavily on the regional financial market of UEMOA to finance its economy. After having successfully mobilised 99 billion CFA francs last Friday – an operation hailed by the Ministry of Finance as a sign of “renewed confidence” – the State is already planning a new issue of 95 billion. According to Le Quotidien, it is scheduled for November 28th. To date, according to the Avenir Communication group’s daily newspaper, Senegal has a total of 4 307.86 billion on the UEMOA public securities market, illustrating its strong dependence on this financing mechanism.
Senegal: New appeal to the UEMOA market for 95 billion CFA francs on 28 November, following the previous 99 billion
