In a move aimed at allaying growing concerns over public debt management, Senegalese officials assured international investors that the public finance audit would be available in the coming weeks. This announcement was made during a confidential virtual meeting organized by Bank of America, according to sources reported by the Bloomberg agency.
Commitments to the Court of Auditors
Representatives of the Ministry of Finance affirmed the government’s commitment to implementing all the recommendations of the Court of Auditors resulting from the inquiry into public finances. However, no specific date has been provided for the publication of these recommendations. The meeting was marked by strict confidentiality, with participants insisting on anonymity.
Objective of the meeting
The main objective of this meeting was to reassure investors about Senegal’s financial stability and the management of public debt. Faced with major economic challenges and growing public debt, the Senegalese authorities have highlighted their desire for financial transparency and their commitment to taking measures to ensure the sustainability of the national economy.
Bank of America Reserve
Bank of America declined to comment on the private meeting, which helped keep the discussions confidential. Although exact details were not disclosed, the aim appeared to be to reduce concerns and reassure investors about the Senegalese government’s ability to effectively manage the financial situation. The question remains, however, whether this commitment will be enough to restore investor confidence in the long term.
Senegal
