Senegal Plans to Tap Regional Debt Market to Bridge Budget Gap
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Residential apartments and commercial buildings on the city skyline, viewed from the African Renaissance Monument in Dakar, Senegal.Senegal will rely on West Africa’s regional debt market to close its 2026 budget gap after uncovering billions of dollars in unreported borrowings, leaving it effectively shut out of international markets.The government estimates the financing shortfall at 5.4% of the country’s gross domestic product and plans to meet most of it through regional bond issuance and tax increases, according to the 7.4 trillion CFA franc ($13.2 billion) budget approved by parliament on Saturday.