The EBRD in Senegal

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The EBRD starts investing in Senegal in 2025

The EBRD’s private sector focused, locally based business model will help strengthen the country’s economy, promote sustainable energy supplies and enhance the quality and efficiency of its infrastructure.

15 July 2025

Joined the EBRD

2,030

Capital subscription (€000)

EBRD Governor: Mr Cheikh Diba
EBRD Alternate Governor: Mr Abdourahmane Sarr
EBRD Board Director: TBC

EBRD Board Alternate Director: TBC

EBRD Shareholders information

The EBRD’s private-sector focused, locally based business model will help unlock access to finance, promote local businesses and foster sustainable and long-term growth – contributing to the transformation of Senegal’s economy.At the EBRD’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to the Agreement Establishing the EBRD, enabling the Bank to operate in sub-Saharan Africa and Iraq.

8.4%

EBRD forecast for Senegal’s real GDP growth in 2025

4.1%

EBRD forecast for Senegal's real GDP growth in 2026

Senegal’s real GDP growth accelerated from 4.3 per cent in 2023 to 6.9 per cent in 2025 and 12.1 per cent year on year in the first quarter of 2025, boosted by the start of oil and gas extraction from the offshore Sangomar field. The resulting surge in exports helped reduce the current account deficit to 13.3 per cent of GDP in 2024. Meanwhile, inflation slowed to 0.8 per cent on the back of lower food and energy prices and tight monetary policy throughout the year. Following an audit by Senegal’s Court of Auditors, the 2024 fiscal deficit was revised upwards by over 6 percentage points of GDP and is now estimated at 12 per cent of GDP, while central government debt was revised up from 99.7 per cent of GDP in 2023 to 118 per cent of GDP.

In October 2024, the IMF suspended the ECF/EFF and RFS programmes (approved in 2023 and totalling US$ 1.8 billion), pending the conclusion of the audit. Senegal’s economy is expected to continue reaping gains from new hydrocarbon exports, with growth expected to reach 8.4 per cent in 2025 before moderating to 4.1 per cent in 2026 as the direct effect of the field wanes and reflecting fiscal consolidation required to rein in debt accumulation. Downside risks include the impact of climate change, as well as the uncertainty surrounding the IMF programme. A revised programme, once agreed, could further boost investor confidence.

Contact the EBRD in Senegal

Head of Office, Khalil Dinguizli

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The EBRD in Senegal

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The EBRD in Senegal

EBRD appoints Khalil Dinguizli as first Head of Senegal

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