The Ministry of Finance and Budget announced on Friday that it had raised 99 billion CFA francs on the domestic financial market through a securities auction. Zahra Iyane Thiaw questioned the transparency of these funds raised.
Her comments:
We are told about 99 billion CFA francs raised by the Senegalese government, but without any explanation as to who is lending, at what cost, for how long, or to finance what. Without transparency, it’s impossible to know if this is good news, a risk for our future, or a crowding-out effect.
In any case, I wouldn’t call it a matter of trust, but rather a blind spot, and meanwhile, Senegal’s credit rating is deteriorating! Transparency and Truth, we were told!
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