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Senegal PM delivers policy statement amid debt crisis

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2026-09-08 21:04 UTC → 2026-09-09 06:50 UTC · added ~~removed~~

On September 8, 2026, Senegalese Prime Minister Ahmadou Al Aminou Lo delivered his General Policy Statement (DPG) to the National Assembly, fulfilling the scheduled address following a prior procedural dispute between the executive and legislative branches. During the session, Lo emphasized a policy of continuity, stating that the government’s roadmap is anchored in the ‘Senegal 2050’ strategic framework. He addressed the nation’s severe economic pressures, confirming that public debt has reached 132% of GDP, with total indebtedness estimated at 25,000 billion CFA francs. Lo warned that the country experienced impoverishment in 2025 and faces ongoing risks in 2026 due to high interest rates on the secondary market and necessary structural adjustments. He specifically noted a slowdown in non-hydrocarbon growth, which reached 2.2% in 2025. The Prime Minister also detailed the administration’s engagement with the International Monetary Fund (IMF) regarding a 36-month, $2.2 billion Extended Credit Facility. This program is intended to facilitate economic reforms, specifically focusing on debt management and increased domestic revenue mobilization through 2029. To address social and infrastructure needs, Lo announced plans to construct 500,000 housing units by 2035 and build four new level-3 regional hospitals in Saint-Louis, Ziguinchor, Mbour, and Kaolack via public-private partnerships. To combat the high cost of living, he announced plans to use state-private sector program contracts to stabilize the prices of essential goods such as cereals, meat, and fish. He also highlighted strategic projects in energy, mining, and agriculture to bolster food sovereignty, including gas development and large-scale water transfer operations to secure the Dakar-Mbour-Thiès triangle. In his address, Lo underscored his commitment to the Constitution and the separation of powers, stating his intent to maintain a ‘republican spirit in all circumstances.’ The presentation occurred amidst significant political and social tension, as Lo faced scrutiny regarding the cost of living and debt sustainability while navigating a landscape where Ousmane Sonko serves as President of the National Assembly.

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