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Senegal’s Hidden Debt Crisis
Senegal is facing a severe financial crisis after the new government uncovered billions of dollars in hidden debt. Fiscal audits revealed that the budget deficit and public debt were far higher than previously reported by the former administration. The findings prompted the International Monetary Fund (IMF) to suspend a funding program worth nearly two billion dollars. This revelation shook investor confidence and raised serious questions about Senegal’s fiscal transparency.
Deficit Doubles in Scale
The Court of Auditors revealed that by the end of 2023 the deficit had reached more than 10 percent of GDP. This figure is double the official numbers, which previously reported a deficit of about 5 percent. Public debt was also revised upward from 74 percent to nearly 100 percent of GDP. Some analysts even placed the figure closer to 119 percent, meaning hidden liabilities of roughly 13 billion dollars.
The report triggered shockwaves in financial markets. Senegal’s eurobonds tumbled, while borrowing costs soared. Barclays and S&P Global placed Senegal among Africa’s most debt-distressed countries. The new government is under growing pressure to restore investor trust and secure renewed international support.
IMF Suspends Its Program
The IMF, which had approved a financing program of around 1.8 billion dollars, decided to suspend disbursement until Senegal provides greater transparency. “We need full data and clear remedial measures before resuming the program,” an IMF spokesperson told Reuters.
This decision further worsened Senegal’s fiscal troubles. Without IMF funds, the government struggles to cover immediate budgetary needs. Infrastructure projects risk being delayed, while public services face potential cuts.
Government’s Recovery Plan
Prime Minister Ousmane Sonko announced a recovery strategy that relies heavily on domestic financing. The government pledged to fund up to 90 percent of its recovery plan from domestic sources without taking on new foreign debt. Another key measure is economic rebasing, or recalculating GDP, which was last done in 2018. The rebasing is expected to make debt-to-GDP ratios look more sustainable.
The government has also postponed quarterly budget execution reports to ensure accuracy in published data. Transparency is now the central pillar of its fiscal reform, as credibility must be rebuilt from the ground up.
Social and Political Impact
The hidden debt crisis has not only shaken the economy but also stirred political tension. Citizens are questioning the integrity of former officials who allegedly concealed true fiscal numbers. At the same time, President Bassirou Diomaye Faye’s administration faces the difficult task of maintaining social stability amid tightening economic conditions.
Political analysts argue that this crisis could become a turning point for genuine fiscal reform. Yet without international backing and effective debt management, Senegal risks slipping deeper into economic distress.
Market Reactions
Global markets responded with caution. Senegal’s eurobonds, once considered attractive, are now trading at steep discounts. Investors demand higher yields due to increased default risk, driving up the cost of borrowing.
International credit rating agencies have also warned of possible downgrades if the situation does not improve. A downgrade would further damage Senegal’s position in global capital markets.
The Road Ahead
The Senegalese government stands at a crossroads. On one side, it must quickly regain fiscal credibility and secure IMF support. On the other, it faces urgent domestic development needs that cannot be postponed. The combination of domestic financing, improved transparency, and economic rebasing may offer temporary relief.
However, economists caution that these measures are not enough. Senegal must pursue structural reforms in debt management, strengthen public accounting systems, and establish independent oversight to prevent misreporting from recurring. Support from multilateral institutions and donor countries will be vital to determine the success of Senegal’s recovery.
Conclusion
Senegal’s hidden debt crisis is a stark reminder that fiscal transparency is essential for economic stability. The country now faces the challenge of balancing development needs with financial discipline. The government’s ability to manage this crisis will shape Senegal’s future reputation in international markets.
Also read our related coverage on global fiscal crises in developing nations to see how similar patterns are emerging worldwide.
aduc.it/articolo/trenitalia+po…
🔭 Astrofili, i "tesori nascosti" della Nebulosa Farfalla sono stati svelati grazie a James Webb! Avete già scoperto che meraviglie ci aspettano? 🌌🚀 #JamesWebb #NebulosaFarfalla
🔗 tomshw.it/scienze/nebulosa-far…
James Webb, svelati i "tesori nascosti" nella Nebulosa Farfalla
Dalle gemme cosmiche al carbonio imprevisto, le nuove osservazioni mostrano una miscela esplosiva di elementi che alimentano la nascita di pianeti e vita.Patrizio Coccia (Tom's Hardware)
Punk Rock History (@punkrockhistory.bsky.social)
bsky.app/profile/punkrockhisto…
> Happy Birthday Lars Erik Dapelloaka aka Lars Frederiksen, guitarist and vocalist for the punk rock band Rancid, frontman of Lars Frederiksen and the Bastards and the Old Firm Casual, born on this day in 1971, Campbell, California #punk #punks #skapunkrock #rancid #history #punkrockhistory #otd
Ex-Barclays Executive Kheraj in Running for HSBC Chair, Sky Says
https://www.bloomberg.com/news/articles/2025-08-30/ex-barclays-executive-kheraj-in-running-for-hsbc-chair-sky-says?utm_source=flipboard&utm_medium=activitypub
Posted into Business @business-bloomberg
Call of duty — Ghosts: power, paranoia, and orbital tungsten rods — Folding Ideas
youtube.com/watch?v=eKPM7cZORT…
#vulgarisation #éducPop #popCulture
- YouTube
Profitez des vidéos et de la musique que vous aimez, mettez en ligne des contenus originaux, et partagez-les avec vos amis, vos proches et le monde entier.www.youtube.com
“Activists take aim at right-wing dark money think tank Policy Exchange”
by The Canary @thecanaryuk
@BBC5Live
@BBCRadio4
@BBCNews
@guardian @Independent @thetimes
“Policy Exchange has advocated for and assisted the government to draft legislation. In particular, it has influenced elements seeking to restrict the effectiveness of climate-related protest, as revealed by Rishi Sunak while serving as prime minister”
thecanary.co/trending/2025/08/…
#Press #UK #ShutTheSystem #PolicyExchange #Activists
Policy Exchange protest: activists target dark money think tank
Activists have targeted right-wing Policy Exchange - the dark money think tank behind authoritarian anti-protest laws.The Canary
US must join forces with Europe to pressure Putin, say EU foreign ministers
https://www.politico.eu/article/us-must-join-forces-europe-pressure-putin-ukraine-russia-war-eu-foreign-ministers/?utm_source=flipboard&utm_medium=activitypub
Posted into POLITICO Europe @politico-europe-POLITICOEurope
US must join forces with Europe to pressure Putin, say EU foreign ministers
The call comes after U.S. President Donald Trump set a deadline for Vladimir Putin to meet with his Ukrainian counterpart.Nicholas Vinocur (POLITICO)
📈 Thermal Trace map shows feels-like temps reaching 46°C in Spain on 15 August - Rebecca Emerton, #C3S
📈 July 2025 temperature anomalies in the Arctic circle - ACCAP
📈 Highest temperature of 2025 (May 1 through Aug 15) in North America - Brian Brettschneider
Grazie a chi ha ascoltato, buon sabato!🙏👋🚀
#UnoRadio #Spazio
#UnoSpazio #MastoRadio @attualita @astronomia
WhatsApp fixes 'zero-click' bug used to hack Apple users with spyware | TechCrunch
A spyware vendor was behind a recent campaign that abused a vulnerability in WhatsApp to deliver an exploit capable of hacking into iPhones and Macs.Zack Whittaker (TechCrunch)
New comic strip found:
Adult Children - 2025-08-29 gocomics.com/adult-children/20…
#comicstrip #adultchildren #retail
Adult Children by Stephen Beals for August 29, 2025 | GoComics
Read Adult Children—a comic strip by creator Stephen Beals—for today, August 29, 2025, and check out other great comics, too!www.gocomics.com
🌋 New Wikivoyage by Kiwix offline travel app update (v3.7.4)!
Planning your next adventure? This version lets you browse the August Wikivoyage ZIM (English) completely offline with:
✨ Improved search with text previews
📱 Choose different display size and style options
🌙 Sleek dark mode (perfect for late-night trip planning!)
⚡ Smoother navigation
Free download for Windows & Linux at: kiwix.github.io/kiwix-js-pwa/w…. Other languages in-app.
🔴 #A7Radio > #Sport > #Smackdown ✅
a7productions.blogspot.com/p/7…
⭐ Logan Paul est sur le ring pour se vanter de la patate qu'il à mit à John Cena, mais ce dernier entre !
Ils se retrouveront à #WWEClashInParis !
#MastoCatch #NowWatching #World #Photography #Live #Fedicatch #Catch #Wrestling #Music #Highlights #Sports #France #Tv #Netflix #ProWrestling #Rewatch #WWE
A7 Radio - 100% Mix
La stream @7 Radio 100% Mix est un flux musical qui diffuse les créations audios @7 Productiona7productions.blogspot.com
Brussels poised to present Mercosur and Mexico deals next week
https://www.politico.eu/article/european-commission-mercosur-mexico-trade-agreement-france-agriculture/?utm_source=flipboard&utm_medium=activitypub
Posted into POLITICO Europe @politico-europe-POLITICOEurope
Brussels poised to present Mercosur and Mexico deals next week
The agreement with South America’s Mercosur bloc is likely to run into huge political opposition in countries like France.Hans von der Burchard (POLITICO)
📱m.emsc.eu/#app
🌐m.emsc.eu
🖥emsc-csem.org
⚠ Automatic crowdsourced detection, not seismically verified yet. More info soon!
[:en]Real time earthquake alerts on your smartphone with Earthquake Network[:es]Real time earthquake alerts on smartphone with Earthquake Network[:]
{:en}Earthquake Network is a research project which develops a crowdsourced Earthquake Early Warning system based on smartphones for real time earthquake alerts{:es}Real time earthquake alerts on smartphone thanks to the Earthquake Network project wh…Earthquake Network
📱m.emsc.eu/#app
🌐m.emsc.eu/?id=1858003
🖥emsc-csem.org/Earthquake_infor…
Earthquake= Magnitude 3.5 - NEAR COAST OF CENTRAL PERU - 2025-08-30 09:39:29.0 UTC
Earthquake information= Magnitude: 3.5, Region: NEAR COAST OF CENTRAL PERU, Date time: 2025-08-30 09:39:29.0 UTC, Location: -12.69 ; -77.06, Depth: 38 km.EMSC - European-Mediterranean Seismological Centre
🌐m.emsc.eu/?id=1858003
🖥emsc-csem.org/Earthquake_infor…
📱m.emsc.eu/#app
Earthquake= Magnitude 3.5 - NEAR COAST OF CENTRAL PERU - 2025-08-30 09:39:29.0 UTC
Earthquake information= Magnitude: 3.5, Region: NEAR COAST OF CENTRAL PERU, Date time: 2025-08-30 09:39:29.0 UTC, Location: -12.69 ; -77.06, Depth: 38 km.EMSC - European-Mediterranean Seismological Centre
Da #LivelloSegreto seguo un utente con account su mastodon.social
Se lo cerco lo trovo e lo leggo, ma non vedo i suoi toot nella lista in cui l'ho inserito (nemmeno nella home, ma questo perché le utenze nella lista le ho volutamente nascoste dalla home).
È perché LS ha bloccato mastodon.social?
Questo impedisce di vedere i contenuti degli utenti che comunque ho deciso di seguire per i fatti miei?
no, è possibile seguire mastodon.social senza problemi.
Non ho capito se non vedi i suoi toot in generale o solamente nella lista in cui l'hai inserito.
sì, vedevo il profilo e i suoi toot cercandolo dalla barra di ricerca (su browser) ma non vedevo il suo ultimo toot nella lista dove l'avevo messo.
Ora in realtà vedo tutto e mi sa che forse ho sbagliato io e non ho scorso la lista fino al punto in cui, cronologicamente, si trovava il toot in questione. @capetaun @kenobit
#newz
Wegen sklavenähnlicher Arbeit: Brasilianisches Gericht verurteilt VW zu Strafe
Auf einer Farm im Amazonas-Gebiet sollen VW-Arbeiter in den 1970ern und 1980ern wie Leibeigene gehalten worden sein. Eine außergerichtliche Einigung mit Volkswagen do Brasil scheitert, nun verurteilt ein Gericht den Konzern.n-tv NACHRICHTEN
Interestingly Gillian Tett (FT) concludes that while a decade ago the talk was of China becoming more like the US, now in his second term, Trump's move to what Tett refers to as 'patriotic capitalism' (including the recent expansion of sate - partial - ownership of key US firms), the USA is starting to look a lot more like China.
Its an interesting potentiality (its nowhere near that yet) but I think she has the direction of travel right if Trump continues his current policy moves.
BehindBlueEyes.de: Netflix und der ständige Griff zur Fernbedienung behindblueeyes.de/lifehack_net…
#Blog
Netflix und der ständige Griff zur Fernbedienung
Man kuschelt sich auf der Couch ein, startet die Lieblingsserie auf Netflix – und schon geht das Spiel los. In leisen Dialogszenen muss man die Lautstärke erhöhen, in Actionszenen senken.BehindBlueEyes.de
Topic that we all randomly came up with her because we have never seen any discussion about it:
Wenn Leute hier immer noch vom #Neoliberalismus reden, haben sie #Trump & Co. nicht verstanden: Es geht längst nicht mehr um #Freihandel , sondern um Zölle & #Merkantilismus, damit auch #Inflation.
Die rechtslibertäre & oft auch korrupte #Politik der fossilen #Entsolidarisierung zerreißt Gesellschaften.
In #Indonesien gibt es bereits Tote bei Protesten, obwohl dort weder #AngelaMerkel noch #RobertHabeck regierten.
Der #Sozialstaat kostet nicht nur, er wahrt #Frieden! tagesschau.de/ausland/asien/in…
Regionalparlament in Indonesien bei Protesten in Brand gesetzt
Die Proteste in Indonesien gegen Luxus-Zulagen für Politiker eskalieren weiter: Demonstranten haben offenbar ein Regionalparlament in Brand gesetzt. Mindestens drei Menschen kamen dabei ums Leben.tagesschau.de
Lord Caramac the Clueless, KSC reshared this.
An Ode to Lynn Conway, Pioneer transgender woman and computer engineer
substack.com/home/post/p-17228…
#transgender #trans #LGBTQ #LGBTQIA
Husband left us alone while he did his own thing. Emerged to find he is slow-cooking Chilli Con Carne for tomorrow night's dinner. The house smells detectably spicy.
Perhaps I'll just have a smidge more cheese and another glass of wine before I have a bath and get into my PJs. Saturday nights are full on around here.
#Suburbia #SaturdayNight #Weekends #Canberra #Australia
Cosetta Gigli e Graziano Salvadori, un connubio inedito per il brano ‘Dietro le Quinte’
Artisti diversi ma la stessa sensibilità: la forza della musica per superare i confini del tempo e dello spazio
Hamas, 10 morti per malnutrizione in 24 ore tra cui 3 bambini - Ultima ora - Ansa.it
https://www.ansa.it/sito/notizie/topnews/2025/08/30/hamas-10-morti-per-malnutrizione-in-24-ore-tra-cui-3-bambini_efd40796-8fa7-48d1-b72b-0c3d98cbc630.html?utm_source=flipboard&utm_medium=activitypub
Pubblicato su ANSA Ultima ora @ansa-ultima-ora-AgenziaAnsa
Hamas, 10 morti per malnutrizione in 24 ore tra cui 3 bambini - Ultima ora - Ansa.it
Secondo il ministero della Salute di Hamas, nelle ultime 24 ore sono morti per malnutrizione dieci residenti di Gaza, tra cui tre bambini.Agenzia ANSA
Budapest, 'oggi a Copenaghen uno tsunami pro guerra' - Ultima ora - Ansa.it
https://www.ansa.it/sito/notizie/topnews/2025/08/30/budapest-oggi-a-copenaghen-uno-tsunami-pro-guerra_5090f973-ea5f-4505-bb1c-a5a8e0b3aeab.html?utm_source=flipboard&utm_medium=activitypub
Pubblicato su ANSA Ultima ora @ansa-ultima-ora-AgenziaAnsa
Budapest, 'oggi a Copenaghen uno tsunami pro guerra' - Ultima ora - Ansa.it
"Oggi, alla riunione dei ministri degli Esteri dell'Ue, dovremo affrontare uno tsunami di sostegno alla guerra. Più soldi e armi per l'Ucraina, adesione forzata all'Ue, avvio di un'operazione militare... (ANSA)Agenzia ANSA
Hamas, 10 morti per malnutrizione in 24 ore tra cui 3 bambini - Medio Oriente - Ansa.it
https://www.ansa.it/sito/notizie/mondo/mediooriente/2025/08/30/hamas-10-morti-per-malnutrizione-in-24-ore-tra-cui-3-bambini_52eea00e-c185-46cb-b41c-e3d11cee4465.html?utm_source=flipboard&utm_medium=activitypub
Pubblicato su ESTERI @esteri-AgenziaAnsa
Hamas, 10 morti per malnutrizione in 24 ore tra cui 3 bambini - Medio Oriente - Ansa.it
Secondo il ministero della Salute di Hamas, nelle ultime 24 ore sono morti per malnutrizione dieci residenti di Gaza, tra cui tre bambini.Agenzia ANSA
Hamas, offensiva israeliana un disastro per la sua leadership - Medio Oriente - Ansa.it
https://www.ansa.it/sito/notizie/mondo/mediooriente/2025/08/30/hamas-offensiva-israeliana-un-disastro-per-la-sua-leadership_31b6dce5-dc26-436f-abc9-af2161dbe78e.html?utm_source=flipboard&utm_medium=activitypub
Pubblicato su ESTERI @esteri-AgenziaAnsa
Hamas, offensiva israeliana un disastro per la sua leadership - Medio Oriente - Ansa.it
"I piani di Israele di occupare Gaza saranno un disastro per la sua leadership politica e militare": lo ha detto Abu Obeida, portavoce dell'ala militare di Hamas citato da Al Jazeera. "Questo aumenterà le possibilità di catturare nuovi soldati.Agenzia ANSA
Nous les profs, on a reçu un courriel dans la messagerie académique
je me suis permise de le traduire :
"Chers et chères garderies ambulantes,
Alors que recommence le cirque annuel, je vous balance ce message pour sauver les apparences : ça fait plus humain qu’un tableau Excel et mon service de com est formel, vous aimez qu’on vous cause.
Vous portez sur vos épaules l’ambition qu’on fait miroiter à l’École, cette vitrine républicaine low cost qui tient debout parce que vous n’avez pas trouvé la sortie de secours. Entre les refus massifs de ruptures conventionnelles et vos démissions bloquées, vous êtes coincé·e·s, donc parfaits pour écoper ce Titanic de troisième zone qui prend l’eau de toutes parts. Ne vous inquiétez pas : nous vous offrirons une cuillère en plastique recyclé par an.
Par votre abnégation forcée, vous évitez l’effondrement complet de la façade décrépite de la République, et surtout vous occupez les mômes pendant que leurs parents font semblant de bosser, ces feignasses qu’on devrait presser encore plus, ou survivent au SMIC, sans parler des parasites au RSA qu’on enverra bientôt trimer pour encore moins, handicapés compris. Merci de nous éviter d’avoir à inventer une vraie politique sociale.
Chaque rentrée, on vous ressert les mêmes mots creux — « continuité », « espoir » — pour faire croire que ce n’est pas juste un hamster qui reprend sa roue, fatigué mais discipliné.
Nos priorités sont claires (sur PowerPoint seulement).
La première, c’est « protéger l’École » : autrement dit, donner l’illusion. Pas de surveillants, pas d’infirmières, mais des slogans, un hashtag anti-harcèlement, l’interdiction du portable au collège. En bonus, des cellules d’écoute où personne ne décroche, et des stages obligatoires pendant vos trop longues vacances.
La deuxième, c’est « préparer » : à serrer les dents. Repeindre les programmes de français et de maths pour la énième fois, caser un peu d’« éducation affective » pour meubler, et bricoler encore le bac pour qu’il ait l’air d’un diplôme, même s’il vaut un ticket de métro usagé.
Pour les filles, on sort le plan « Filles et Maths » : zéro budget, mais une jolie infographie PowerPoint (mon amour), couleurs garanties.
Bref, notre objectif commun : faire croire à l’émancipation de la jeunesse alors qu’on continue de la parquer et de la trier comme toujours.
Je sais pouvoir compter sur votre sens du devoir, c’est-à-dire votre résignation, en vous promettant mon « soutien indéfectible »… tant que vous ne faites pas grève, que vous restez bien sages et que vous ne rencontrez aucun problème avec un ou une élève. Suicidez-vous si vous voulez, mais ayez la décence de ne pas utiliser le matériel public pour ce faire..
Ensemble, avec confiance (en nos communicants) et détermination (à ne pas lâcher un centime), nous ferons tenir l’École de la République avec trois bouts de ficelle et beaucoup de storytelling.
Bonne rentrée, et surtout, bonne chance.
E.B.
(Non, pas Eddy Bellegueule)
reshared this
Astronomia
in reply to Marco Cannavacciuolo • • •ciao, un po' di consigli: per rilanciare nel gruppo @astronomia di @diggita serve questo tag:
@astronomia@diggita.com
poi metti il link alla diretta altrimenti risulta difficile trovare la trasmissione, le persone sono pigre ;)
Marco Cannavacciuolo
in reply to Astronomia • • •