Senegal's Debt Directorate reported that 11,326 billion CFA francs was the country's highest debt at the end of the first half of this year.

What separates Senegal's level of outstanding debt from the community ceiling, set at 70%, is three small percentage points. Indeed, debt represents 67% of GDP, a few points below the Community standard of 70%. The stock soared by 10%, between the end of 2021 and the end of June 2022 alone (that is to say in 6 months). At the end of June, the debt soared to 8076 billion, compared to 7434.6 billion FCFA at the end of June 2021. An increase of 8.63%; more expensive external public debt.

Domestic debt was estimated at 3250 billion at the end of June 2022 compared with 2,329.5 billion FCFA at the end of June 2021, an increase of 39.5%. Thus, Senegal is facing several risks with this large stock of debt. Noted, the exchange rate risk comes in pole position, as 76% of the debt portfolio is denominated in foreign currencies, including 41% in dollars and related currencies, thus leading to high exposure to exchange rate risk. And the refinancing risk, which also exists, since “10.9% of domestic debt should mature in one year” with an average maturity of 3.6 years. We must also add to this, according to the Debt Department, in relation to interest rates.