The Flagrant Signals Indicating That Senegal Is Currently Poorly Governed

Senegal's sovereign rating was downgraded by Moody's on August 28, from Caa1 to Caa2, highlighting increasing budgetary tensions and the absence of an IMF program. This situation raises the risk of default, as the country faces budget uncertainties and tensions with unions. Additionally, dependence on regional market financing to cover needs estimated at around 25% of GDP further complicates the economic situation.