Me Babacar Ndiaye dévoile ses chiffres : «Ce que la SNR a recouvré depuis mai 2024…»
The Multi-Year Budgetary and Economic Planning document (2026-2028) has placed the National Recovery Company (SNR) among the public companies at risk. But, since 2024, has the company's situation changed? The Director General of the public company, Mr. Babacar Ndiaye, answers Seneweb's questions here.
The SNR that you manage is presented as having a share capital of 25 million CFA francs and estimated equity of -86.7 billion CFA francs as of December 31, 2023: has the situation changed since then?
This situation was due to previous losses suffered by the dissolved banks following the restructuring policy of the parastatal banking sector and which meant that the SNR started with a negative carry forward.
This situation has improved with the profit results obtained since 2024. Today, the competent services of the SNR are in the process of clearing the liabilities which will allow us to clean up our financial statements.
What are the new SNR figures and the level of recoveries?
It should be noted that the actual management of the SNR, since its creation, has not been in deficit, given that the SNR properly covers all its expenses and regularly pays the amounts collected to the public treasury. Since May 2024, the SNR has collected a total of 4,222,237,384 CFA francs, not including the collection for the month of September.
What situation did you find there?
For the moment an audit has been commissioned and as soon as the result is available a communication will be made on its results.
What measures and policies are you implementing to get the company out of the rut?
Organizational and managerial measures have been taken to produce appreciable results and we await the audit recommendations to bring about appropriate reforms.
In this context of budgetary difficulties, with the hidden debt affair, what do you intend to contribute, through the SNR, to the implementation of the "2050 vision"?
The implementation of Senegal's 2025 transformation agenda prioritizes financing, which largely helps achieve the objectives. At this level, the SNR will play an important role by participating in the mobilization of financial resources in the same way as other financial authorities.
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