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Financing recovery: the Senegalese diaspora called upon to subscribe to Diaspora Bonds

16/09/2025
Source : ORISHAS FINANCE
Categories: Sectors

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On September 14, 2025, in front of a full house, the Senegalese Prime Minister, Ousmane Sonko invited the Senegalese to the foreigner to subscribe to the new “citizen and patriotic titles” intended to finance the Economic and Social Recovery Plan (PRES).

The Senegalese Prime Minister has launched an unprecedented appeal to the diaspora. He calls on the Senegalese diaspora to subscribe to the Diaspora Bonds from September 18 to finance the PRES (5 667 billion FCFA), in order to bet on the transfer potential of CFAF 1,800 billion while the debt reaches 119 % of GDP and that the help of economy through the explosion of debt and the suspension of IMF support.

Diaspora bonds will be issued as of Thursday with maturities ranging from 3 to 10 years and interest rates between 6.4 % and 6.95%. According to one stakeholder, the mobilization potential could reach 1,800 billion FCFA, or nearly a third of the first phase of NEAR. The choice to target the diaspora is based on solid data.

According to the World Bank, between 2000 and 2024, the Senegal received $41.6 billion in remittances, ranking in the African top 5.

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