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Emergence of domestic debt: The State also owes 250 billion to the banking sector

02/08/2019
Source : Walfadjri
Categories: Companies

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Public debt is exploding. And at this rate, Macky Sall will quickly give white hair to his treasurer,
Abdoulaye Daouda Diallo. Because, alongside this increase in the cries of the construction sector, the Senegalese banks
are also worried about the state's indebtedness to them. The Professional Association of Banks
and Financial Institutions of Senegal (Apbefs) recently held a meeting on the issue to
identify a course of action. Because, we are prompted, they (the banks) can no longer take this debt which,
combined with that of companies which are also waiting for the State to pay them to settle their debts,
leads to a chasm. Indeed, today, all the State's construction sites are at a standstill. Even those
pompously inaugurated the day before the last presidential election last February.
By way of example, we cite the administrative building whose furniture market, which is close to 7 billion according to
certain indiscretions, would be gently spun to a famous griot of the galaxy Apr, or even the Train Express
regional (Ter). And without the big project delay won by French companies being no stranger
the visit to Senegal of the Chief Executive Officer of the French National Railway Company.
Received by Macky Sall, Guillaume Pepy took stock of the progress of the work on this Ter, the cost of which
experienced a high-speed derailment.
But the most serious thing is that, under the constraint of the requirements of Bale 2 and Bale 3 that Senegal has signed, the
Bceao will be forced to take measures, such as the downgrading of banks. Which are likely to
stop lending for a while.

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