Cheikh Diba sur les TRS : « Financial Times n'est pas infaillible»
Earlier this week, the Financial Times published an article concerning the Senegalese government's use of Total Return Swaps. This publication has sparked debate in Senegal since last Monday. On Thursday, the Minister of Finance and Budget addressed the issue to provide clarification.
“I would like to clarify a few points about the Financial Times, which is a leading newspaper, but not infallible. Its credibility is real, built on a strong reputation in the economic and financial press and on a proven editorial code. But this credibility does not mean that everything it publishes is automatically true,” Cheikh Diba told the press.
For him, it is therefore necessary to distinguish between the reputation of the media outlet, the accuracy of an article, and the political use that can be made of it through biased commentary. "A major media outlet can publish solid information, partial information, information that is debatable in its framing, or even information that is erroneous on certain points. The Financial Times itself publishes corrections, which shows that it can, like any media institution, make mistakes," explains Cheikh Diba.
For him, in this TRS affair, the Financial Times' credibility should lead to a serious examination of the information, but it constitutes neither definitive proof nor a condemnation. "Political debates effect a discursive shift by transforming a prudent financial analysis into an accusation of hidden debt," Cheikh Diba explains.
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