Africa-Press – Senegal. The Minister of Finance and Budget announced on Monday that the Board of Directors of the International Monetary Fund (IMF) was studying a new program for Senegal to mobilize 1,150 billion FCFA.
« As this session is taking place, and it is a very happy coincidence, Senegal’s file is being examined by the IMF’s Board of Directors, for the conclusion of a new program articulated around the 4 pillars”, said Mamadou Moustapha Ba during the debate on the budget orientation debate in the National Assembly.
He explained that these pillars are: strengthening public finance management; strengthening financial governance and transparency; achieving a more resilient and inclusive economy and building resilience to climate change.
Mamadou Moustapha Ba stressed that one of the challenges of this program is the possibility for Senegal « to mobilize these resources (…) at very favorable costs, without affecting (its) debt, to cover budget deficits of 2023, 2024, 2025, in a context of tightening credit on the markets ».
According to him, « the agreement concluded with the IMF translates, if need be, the confidence our country enjoys with the international financial community ».
« And this confidence is not the result of chance. It rewards the rigor and foresight shown by our country in the management of its public finances,” he said.
The Minister announced economic growth up 7.8% on average over the period 2024-2026.
With regard to prices, Mr. Ba indicated that inflation should be better contained, and would average 2.8% between 2024 and 2026, i.e. below the 3% threshold set under the
WAEMU multilateral surveillance.
He added that over the three-year period, “the resource forecasts evaluated at 17,290.50 billion FCFA, are revised upwards by 29.03% in relative value compared to the previous multi-year budget and economic programming document” .
Regarding the charges, they stand at 19645.98 billion FCFA, an increase of 19.76% in relative value, said the minister.
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