On August 28, 2026, the global credit rating agency Moody’s lowered Senegal’s sovereign rating from Caa1 to Caa2. This decision was primarily driven by significant refinancing pressures and the ongoing absence of a formal program with the Fonds monétaire international (FMI). However, for Deputy Thierno Alassane Sall, who also leads the République des Valeurs (RV) party, this economic setback stems directly from what he terms the “irresponsible fratricidal war” unfolding between President Diomaye Faye and his former mentor, Ousmane Sonko.
“It comes as no surprise that Senegal’s credit rating has once again been downgraded by Moody’s,” Thierno Alassane Sall stated. He elaborated, “This decline is partly attributable to the reckless internal conflict being waged by those inaccurately labeled ‘Kiiraay’ and ‘Pastef,’ specifically between Diomaye and Sonko. It is to these individuals that the Senegalese people owe a portion of the worsening of their living conditions, the intensification of their suffering, and the widespread social hardship they now face.”
Furthermore, the influential Deputy urged the nation’s citizens to “remember, during upcoming elections, the accountability and, crucially, the indifference of both the executive and parliament in the face of the trials they are enduring,” with the explicit goal of “removing them all from power.”
This significant downgrade in Senegal’s credit standing occurs at a critical juncture, as an FMI mission is presently engaged in discussions with the government in Dakar, aiming to establish a new financial program.
“It comes as no surprise that Senegal’s credit rating has once again been downgraded by Moody’s,” Thierno Alassane Sall stated. He elaborated, “This decline is partly attributable to the reckless internal conflict being waged by those inaccurately labeled ‘Kiiraay’ and ‘Pastef,’ specifically between Diomaye and Sonko. It is to these individuals that the Senegalese people owe a portion of the worsening of their living conditions, the intensification of their suffering, and the widespread social hardship they now face.”
Furthermore, the influential Deputy urged the nation’s citizens to “remember, during upcoming elections, the accountability and, crucially, the indifference of both the executive and parliament in the face of the trials they are enduring,” with the explicit goal of “removing them all from power.”
This significant downgrade in Senegal’s credit standing occurs at a critical juncture, as an FMI mission is presently engaged in discussions with the government in Dakar, aiming to establish a new financial program.
