Côte d’Ivoire, in a significant financial development on the UEMOA market has extended a substantial loan of nearly 77 billion CFA francs to Senegal, marking a rare display of interstate financial solidarity in the sub region.
The loan, described as a strategic move by Côte d’Ivoire—the economic powerhouse of the sub regional Economic and Monetary Union—aims to support Senegal in addressing a persistent budget deficit.
Analysts view the transaction as a critical lifeline for Dakar, reflecting the depth of its fiscal challenges.
The deal also signals a shift in regional dynamics, as such direct financial interventions between member states are uncommon.
While hailed as a gesture of regional unity, the move has also sparked debate about the long-term sustainability of Senegal’s public finances and its growing reliance on external support.
