Senegal has secured concessional financing of 65 billion CFA francs ($115 million) from the World Bank to support its budgetary reforms and strengthen the management of its public finances.

Approved on June 24, 2025 by the Board of Directors of the Bretton Woods Institution, this financial support, mobilized through the International Development Association (IDA), will make it possible to implement the Program for Transparency and the Consolidation of Public Finances (Sen-Fintrac) over the period 2025-2029.

"This support will contribute to strengthening the sustainability of public debt, improving the efficiency of spending and increasing the mobilization of internal resources," read a press release from the Ministry of Economy, Finance and Budget.

According to the communications unit of the said ministry, this program is structured around three priority axes: better management of public finances for greater efficiency, transparency and accountability in order to better finance public services and strengthen resilience to exogenous shocks; strengthening the sustainability of public debt through increased transparency and the implementation of structural reforms in line with the future series of RESET budget support; and an increase in tax revenues through the modernization of the tax and customs administration, notably through the extension of electronic invoicing and the adoption of performance mechanisms.

Of the $115 million awarded, $105 million is allocated in the form of results-oriented budget support, while $10 million will be used to finance technical assistance to support digital transformation, change management and capacity building.