The World Bank has approved a concession of $115 million, or just over 65 billion CFA francs, for Senegal to support fiscal reforms, strengthen public financial management and improve the mobilization of domestic resources.

Operation Programme to Strengthen Fiscal Sustainability in Senegal (SEN-FISCALE), reflects a solid partnership between the Senegalese government and the World Bank to advance fiscal reforms that are essential to the country's development ambitions. By improving how public resources are collected, managed, and spent, the program is expected to contribute to creating conditions for more inclusive growth, better service delivery, and greater resilience to economic and climate shocks, thereby contributing to Senegal's broader goals of shared prosperity and expanded opportunities for all.

The program supports reforms in three key areas: public financial management (PFM), public debt sustainability, and domestic resource mobilization (MRI). These efforts are closely aligned with the government's broader reform agenda, including the next round of RESET development policy funding (Reforms for Economic Stabilization, Transformation, and Transparency).

“We welcome the government's firm commitment to debt transparency and effective management of public finances. This initiative supports Senegal's ambition to put in place a more transparent, responsible and resilient public financial management system,” underlines Keiko Miwa, Senegal division director for the World Bank. By strengthening public financial management, improving public debt sustainability, and increasing domestic resource mobilization, the program will help the government provide better public services, build public confidence, and lay the foundations for long-term fiscal stability.

The program will contribute to improving the efficiency and transparency of public spending through the deployment of a modern financial management system and the increased use of electronic procurement tools. It will also support the establishment of a unified debt registration system and the consolidation of debt functions improving debt transparency and management. With respect to revenue, the program will support reforms to modernise tax and customs administration, including the implementation of electronic invoicing for VAT taxpayers and the introduction of performance-based approaches in customs operations. These reforms will be supported by a solid digital transformation program aimed at improving the real-time monitoring of public finances as well as strengthening global governance.