Seydi Gassama attributes Senegal's credit rating downgrade to Macky Sall's former administration's debt

Gassama attributes this decision to the financial situation inherited from the former regime of Macky Sall, which he claims accumulated significant public debt. He states that a substantial portion of this debt, estimated at $7 billion, was not properly declared to financial partners. Gassama asserts that all of the country's economic problems, including the sovereign rating downgrade, stem from the colossal debt contracted by the Macky Sall regime.

He highlights that the issue of unrecorded financial commitments continues to affect Senegal's relations with its partners, referencing a March 2025 International Monetary Fund report that noted approximately $7 billion in unrecorded commitments between 2019 and 2024. Gassama believes this situation contributes to the country's current financial difficulties and successive sovereign rating downgrades, reigniting debate on public finance management under the previous administration and its impact on current authorities.