- Senegal turns infrastructure into cash via new asset fund
- S&P warns refinancing risks remain acute
DAKAR, SENEGAL – Senegal is launching a new fund to monetise state-owned infrastructure with regional backing as debt pressures mount following a fresh sovereign rating cut by S&P Global Ratings.
The Fonds de valorisation des actifs du Sénégal (FOVAS) will bundle selected public assets – including roads, ports, logistics platforms and government buildings – into a single structure designed to generate recurring cashflows, according to a joint statement released on Monday.
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