Responsibilities of the DGF

Established by Decree No. 2021-454 of 8 September 2021 on the organisation of the Ministry of Economy, Finance and Budget, the DGF's mandates are structured around the following pillars:

  • Formulate the national public debt policy and debt management strategy
  • Conduct public debt sustainability analyses
  • Negotiate the financial and legal terms of domestic and external loans as well as grants
  • Issue bonds on the regional capital market or international capital markets, directly or through specialised financial institutions
  • Coordinate treasury policy and management
  • Manage public debt and grants awarded to the State
  • Process on-lending and State guarantee requests for the State or its entities
  • Review public-private partnership financing files and oversee related projects
  • Undertake studies on public debt
  • Produce statistics, briefing notes, and reports on public debt

Public Debt Management in Practice

Resource Mobilisation on Capital Markets

Contribution to State budget financing through fundraising on sub-regional and international capital markets.

3,301.2 CFAF billions — 2022
2,698.0 CFAF billions — 2021
1,716.5 CFAF billions — 2020
1,486.6 CFAF billions — 2019
1,581.4 CFAF billions — 2018

Since 2014, the DGF has successfully completed five (5) Eurobond issuances on the international capital markets.

Mobilisation of Loan and Grant Proceeds (Disbursements)

Resources channelled to support national development projects.

1,549.1 CFAF billions — 2022 (provisional)
932.4 CFAF billions — 2021
675.3 CFAF billions — 2020
521.9 CFAF billions — 2019
656.1 CFAF billions — 2018
600.0 CFAF billions — 2017

Public Debt Service (Repayments)

3,225.2 CFAF billions — 2022
2,204.3 CFAF billions — 2021
1,926.2 CFAF billions — 2020
1,769.3 CFAF billions — 2019
1,547.2 CFAF billions — 2018
1,448.2 CFAF billions — 2017

Portfolio Management and Daily Monitoring

  • 704 domestic and external loan lines — outstanding: CFAF 15,165.4 billion at end-June 2020
  • 11 guaranteed loan lines — outstanding: CFAF 763.3 billion at end-March 2020
  • 182 grant lines