Read also:\u00a0Senegal to launch 1,000 hybrid taxis to modernize urban transport and cut emissions<\/a><\/p>\n Officials said the revision captures areas of the economy that have grown rapidly over the past decade but were insufficiently represented in the old framework. Digital financial services, which now process millions of mobile-based transactions monthly, have become central to urban and rural commerce alike.<\/p>\n Oil and gas activities, particularly linked to new offshore developments, have increasingly shaped investor interest. Cashew production, once peripheral in national accounts, has also grown into a key agricultural export, with rising contributions from smallholder cooperatives in the southern regions. Together, these sectors have materially influenced the recalibrated national output.<\/p>\n The new calculations reduce Senegal\u2019s 2021 debt-to-GDP ratio from 90.8 percent to 80 percent, a softer figure that offers temporary breathing room but does not erase the scrutiny the country has faced since a debt-misreporting scandal surfaced last year.<\/p>\n That episode prompted successive credit-rating downgrades and led the International Monetary Fund to suspend a $1.8 billion lending programme, forcing the government to confront questions about transparency and the accuracy of its public finance data.<\/p>\n Finance Minister Cheikh Diba, addressing lawmakers on Friday, confirmed that while the IMF welcomes the improved data quality, the Fund remains uneasy about Senegal\u2019s ability to meet its financing obligations over the coming years. The concerns arise as the government prepares for elevated expenditure tied to energy sector investments, broader social programmes and post-scandal fiscal repair. Senegal\u2019s borrowing needs, according to analysts in Dakar, may continue to rise before the expected oil and gas production ramp-up delivers sustained revenue gains.<\/p>\n![\"\"](\"https:\/\/rayscohosting.best\/ASM\/wp-content\/uploads\/2025\/11\/Academy-Website-ads.jpg\")
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