Senegal to Expedite Arrears Payments to Private Companies

President Bassirou Diomaye Faye of Senegal has decided to accelerate the payment of outstanding debts owed by the state to private companies, following strategic discussions with the International Monetary Fund (IMF).

This significant development involves the Senegalese government moving to progressively clear arrears owed to private enterprises for services already rendered. The initiative, which emerged from recent strategic exchanges with the IMF, is designed to address the severe liquidity issues and treasury tensions that have weakened a substantial portion of Senegal's private sector. The primary objectives are to stabilize company finances, foster investment, preserve and create employment opportunities—especially for the youth—and generally strengthen the national economic fabric. This measure is presented as an integral part of a broader economic strategy aimed at fulfilling public commitments, securing new financing, and enhancing Senegal's attractiveness to international investors, notably preceding the President's official visit to Abu Dhabi.