The World Bank has approved $115 million (over 65 billion CFA francs) in concessional financing for Senegal to strengthen public financial management, improve debt sustainability, and modernize domestic revenue mobilization.
The funding supports the government’s flagship reform initiative, SENFINTRAC, aligned with Vision 2050 and the upcoming RESET development policy framework.
This operation includes results-based financing and technical assistance aimed at improving the transparency and efficiency of how public resources are collected, managed, and spent.
The SEN-FISCALE program, part of this initiative, will deploy a modern financial management system, enhance electronic tools for public procurement, and establish a unified debt recording system.
It also supports the digital transformation of public finance governance, including real-time monitoring. On the revenue side, reforms will focus on upgrading tax and customs systems, with initiatives like electronic invoicing for VAT taxpayers and performance-based customs operations.
The package includes $105 million in performance-linked support and $10 million for capacity building and digital transformation.
