On November 3, 2026, Abdoulaye Diop, President of the West African Economic and Monetary Union (UEMOA) Commission, met with Senegal's Prime Minister, Ahmadou Alhaminou Mohamed Lo, in Dakar. Diop reaffirmed UEMOA's commitment to supporting Senegal's national development policy. The meeting focused on the economic situation in the regional community and prospects for cooperation between UEMOA and Senegal. Diop expressed satisfaction with the good performance of UEMOA's macroeconomic aggregates despite challenges.
Diop welcomed the agreement between Senegal and the International Monetary Fund (IMF) on September 1, 2026, which he considered crucial for Senegal and the entire UEMOA. The agreement paves the way for a $2.2 billion economic and financial program, approximately 1,243 billion CFA francs. UEMOA will continue to advocate for technical and financial partners to support Senegal. Diop assured that UEMOA will accompany Senegal in implementing its development policy.
The UEMOA President emphasized the importance of the IMF agreement for Senegal's economic development. He noted that UEMOA will support Senegal's efforts in a context marked by economic recovery and development financing challenges. As a former Senegalese Minister Delegate for Budget, Diop reiterated UEMOA's commitment to strengthening cooperation with Senegal.
During the meeting, Diop and the Prime Minister discussed ways to enhance economic cooperation between UEMOA and Senegal. The UEMOA President highlighted the need for the regional community to support Senegal's economic ambitions. UEMOA aims to contribute to mobilizing resources necessary for Senegal's development.
Abdoulaye Diop's visit to Dakar demonstrates UEMOA's commitment to supporting Senegal's economic growth. The UEMOA President's meeting with the Prime Minister reflects the regional community's interest in Senegal's economic development. UEMOA's support for Senegal is part of its broader mission to promote economic integration and development in West Africa.
The agreement between Senegal and the IMF is expected to boost the country's economic prospects. UEMOA's backing for Senegal's development plans is seen as a positive step towards achieving the country's economic goals. The regional community's support for Senegal is also expected to have a positive impact on the broader West African economy.
UEMOA's engagement with Senegal is part of its efforts to promote economic cooperation and development in the region. The regional community has been working to strengthen its partnerships with member states to support their economic development. UEMOA's commitment to supporting Senegal's economic growth reflects its dedication to promoting economic integration and development in West Africa.
Key points
- UEMOA President Abdoulaye Diop reaffirms the regional community's commitment to supporting Senegal's economic development.
- The IMF agreement is expected to boost Senegal's economic prospects with a $2.2 billion economic and financial program.
- UEMOA aims to contribute to mobilizing resources necessary for Senegal's development and promoting economic integration in West Africa.
