Senegal focuses on growth stabilization, electoral preparedness ahead of November elections

Despite concerns over economic challenges, Senegal remains focused on stabilizing growth and preparing for the upcoming parliamentary elections on November 17. President Bassirou Diomaye Faye, who dissolved the opposition-led National Assembly last week, has set the stage for a new electoral chapter just five months into his leadership.

Although economic growth forecasts have been slightly adjusted, with the International Monetary Fund (IMF) lowering expectations from 7.1% to 6.0% due to slower performance in sectors like mining and construction, the Senegalese government is actively working to ensure that financial stability remains on track. The $1.9 billion IMF loan secured last year continues to support public finance initiatives, and officials are optimistic about completing the next review soon, despite potential delays.

Political analysts remain confident that Senegal will navigate this election period without the unrest seen in 2021. The nation’s leadership, alongside international partners, is focused on ensuring a peaceful and transparent election, further strengthening the country’s democratic foundations.

With efforts in place to manage both fiscal and political challenges, Senegal is poised to demonstrate resilience and adaptability in the months ahead.