Zahabia Gupta, Responsable à S&P, avertit : «Si le Sénégal n'obtient pas de programme du FMI…»
The Senegalese state is facing a delicate financial situation. Standard & Poor's Global Ratings has downgraded the country's credit rating several times in recent years. Zahabia Gupta, head of emerging market credit risk research at the rating agency, discussed the issue on Bloomberg.
She emphasized that Senegal's financing needs are currently very significant. Therefore, according to the head of S&P Global Ratings, if the country "does not secure an IMF program, it could raise further questions about its long-term financing."
At the end of March, the rating agency downgraded Senegal's local currency credit rating (long and short term) from B-/B to CCC+/C, with a negative outlook. The agency also affirmed its foreign currency rating (long and short term) at CCC+/C, with a negative outlook.
She mentioned persistent risks related to refinancing the high level of public debt and the lack of progress in obtaining significant multilateral support, particularly from the IMF, which could restore access to less costly concessional financing.
Moreover, a team from the International Monetary Fund (IMF) is expected in Dakar during the week of June 15, 2026. This is to continue technical discussions with the country's authorities.
"These technical discussions aim to achieve a common understanding of macroeconomic prospects, Senegal's financing needs and its reform priorities," announced Julie Kozack, head of the institution's Communication Department, last Thursday.
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