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Senegalese debt: Ivorian banks are the first step in

24/11/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The financial situation in Senegal is tense and Ivorian banks are coming in as the first reinforcement. Their debt purchases Senegalese have been multiplied by three, to reach nearly 1,800 billion CFA francs (2.7 billion euros).

Senegalese banks hold 42% of bonds of the country, at the very moment when the Standard & Poor's agency downgraded Senegal's sovereign rating, increasing it from B- to CCC+. According to Standard & Poor's, the rise of banks in Côte d'Ivoire on Senegal's debt is not necessarily synonymous with excessive risk taking.

According to an Ivorian banking executive at the retirement, “it is during difficulties that you must invest, and it will be profitable in the medium term.” For the latter, Ivorian banks do not have reason to be worried.

The economist Ousmane Diomandé recalls, of his Côté indicated that “if Senegal wants to raise funds on the market and that no one subscribes, he finds himself in much greater difficulties. La underwriting banks in our sub-region allowed Senegal to have the money needed and it is a considerable support for a country.”

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