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Public finances: Senegal secures significant external financing for 2026

23/02/2026
Source : ORISHAS FINANCE
Categories: Sectors

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On 11 February last year, the State of Senegal signed a agreement with International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Group of the Islamic Development Bank. The objective is to strengthen its position financial by securing significant external financing for 2026, according to revealed by the Confidentiel Africa site (confidentielafrique.com).

Financing in the amount of 630 million euros (about 413 billion CFA francs) is part of the “Plan of 2026 annual funding”. This funding is intended to support imports and exports of strategic products such as fuels and peanuts.

According to the Confidentiel Africa site, this envelope is part of a five-year framework agreement worth 2 billion euros concluded in May 2025 between Senegal and ITFC. The country would thus be among the partners. priorities of the institution.

On the bilateral register, Senegal would also have obtained a significant commitment from Norway, a member country of OECD . According to Information, Oslo is committed to a climate partnership aimed at finance green projects in Senegal to the tune of 740 million dollars.

Moreover, The French Development Agency (AFD) would have confirmed its support for the financing of micro-enterprises, with disbursements announced for the end of February or the beginning of March 2026.

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