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June 25, 2024

TRENDING NOW: Bassirou Diomaye Faye Elected Fifth President of Senegal on March 24, 2024  🇸🇳

Sydney 29
Senegal – Public Finances: Does the 324 billion FCFA come from France? –

324 billion CFA francs is the funding that the Senegalese government is reported to have received, according to Senegalese daily newspaper Walfadjri. “A windfall that was expected at the Central Bank last Tuesday,” the newspaper reported, without providing details on the source of the funds. Our colleagues at Walfadjri Quotidien note that “donors had suspended funding for Senegal during the months of January, February, and March, a period when the country was plunged into a tense electoral context.”Now that power is in the hands of a new regime, this fund has been unblocked to allow the government of President Bassirou Diomaye Faye to manage current affairs, we are told. However, sources estimate that this financial windfall could be part of France’s contribution to Official Development Assistance. In December 2023, former Prime Minister Amadou Ba was on a working visit to Paris and held a meeting with his counterpart at the time, former Prime Minister Elisabeth Borne, “to follow up on the 5th edition of the Franco-Senegalese intergovernmental seminar.”Thus, “with an estimated contribution of 1.5 billion euros (983 billion 935 million 500 thousand CFA francs) in official development assistance for the 2019-2023 period, France is positioning itself as a major partner” for Senegal, according to the Government Information Bureau. Everything suggests that this funding comes from the country of Marianne.In conclusion, this professional editorial news article highlights the influx of significant financial support for the Senegalese government after a period of political tension. The source of the funding is not explicitly stated, but it is suggested to be from France based on previous agreements between the two countries. This news could have a positive impact on Senegal’s economy and its government’s ability to address pressing issues
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