Senegal sits in the UEMOA with 2522 billion FCfa September 25, 2026

In 2025, Senegal will dominate the UEMOA region regarding financial remittances from migrants. According to the report from the International Fund for Agricultural Development (Fida) published this Thursday, September 24, it garners 2,522 billion FCfa, followed by Côte d’Ivoire with 1,060 billion FCfa.

Through this plan, the State of Senegal aims to capture the 45% of the diaspora’s savings kept in host countries, or 1,545 billion FCfa in 2024. Only 55% of their savings are transferred to Senegal, or 1,982 billion FCfa. Transfers made via formal circuits represent 81% of overall flows. Among these remittances, it is estimated that 75% (or 1,487 billion FCfa) are directly oriented towards current consumption, in particular to cover the daily and incompressible expenses of households. According to A&A Strategy projections, the overall savings of the diaspora will peak at 7,148 billion FCfa in 2034. This deposit is made up, on the one hand, of subsistence transfers dedicated to incompressible consumption (2,925 billion FCfa) and, on the other hand, of productive transfers (975 billion). Added to this are the savings of migrants not transferred to Senegal, estimated at 3,249 billion FCfa. Thus, the State’s room for maneuver to mobilize, beyond the 975 billion FCFA of 2034, lies in its capacity to repatriate a part of the 1,545 billion FCFA of untransferred savings that the diaspora retains in the host countries for its financial security. In a basic scenario (without new mechanisms), the mobilization of productive savings would remain limited to 975 billion FCFA in 2034. But, with a proactive, financially secure and ultra-flexible mobilization strategy, up to 1,218 billion additional FCFA could be mobilized in Senegal in additional productive transfers.

Demba DIENG