In January 2025, Senegal successfully raised new funds on the financial market of the West African Economic and Monetary Union (UEMOA), thus affirming its capacity to finance its development projects. The country has issued Treasury bills and similar bonds for a total amount of 43.529 billion CFA francs.
The operation aroused great enthusiasm among investors, with requests having far exceeded the initial offers proposed by the Senegalese Treasury. The vouchers issued will be fully repaid on January 18, 2026, with interest deducted and paid in advance. As for the bonds, their capital repayment is scheduled for January 20, 2028 and January 20, 2030. The interest rates offered, between 7.38% and 7.77%, reflect investors’ confidence in the economic stability of Senegal. .
The funds raised will mainly be used to finance public spending, particularly in strategic sectors such as education, health and infrastructure. This approach is part of the regular financing strategy of the Senegalese state budget, which favors the financial markets of the sub-region to mobilize the resources necessary for its development.
This success adds to other notable performances recorded in 2024. Senegal had indeed raised 29.520 billion FCFA in October and 40.139 billion FCFA in June, thus consolidating its presence on the regional debt market. These raisings contribute to the overall dynamic of resource mobilization within UEMOA, where member states have collectively raised 8,746 billion FCFA in 2023, compared to 8,806.7 billion FCFA in 2022.
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