{"id":9172,"date":"2026-07-28T12:52:45","date_gmt":"2026-07-28T12:52:45","guid":{"rendered":"https:\/\/challengeseconomiques.com\/?p=9172"},"modified":"2026-07-28T12:53:32","modified_gmt":"2026-07-28T12:53:32","slug":"leffondrement-des-ide-en-2025-interpelle","status":"publish","type":"post","link":"https:\/\/challengeseconomiques.com\/?p=9172","title":{"rendered":"L\u2019effondrement des IDE en 2025 interpelle"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Selon la CNUCED, les investissements directs \u00e9trangers (IDE) au S\u00e9n\u00e9gal ont chut\u00e9 \u00e0 337 millions de dollars en 2025. Le Pr Amath Ndiaye (FASEG-UCAD) analyse ce recul et trace la feuille de route du redressement.<\/strong><\/p>\n<p>L&rsquo;attractivit\u00e9 nationale traverse des turbulences. Comme l&rsquo;indique le Pr Amath Ndiaye, \u00ab les derni\u00e8res donn\u00e9es du World Investment Report 2026 de la CNUCED mettent en \u00e9vidence un retournement spectaculaire des investissements directs \u00e9trangers (IDE) au S\u00e9n\u00e9gal \u00bb. Les flux enregistr\u00e9s par la CNUCED montrent une rupture nette : 2020-2022 : de 1,846 \u00e0 2,929 milliards de dollars ; 2023 : 4,790 milliards de dollars ; 2024 : 3,319 milliards de dollars ; 2025 : 337 millions de dollars. L\u2019\u00e9conomiste rappelle qu\u2019\u00ab entre 2020 et 2024, le S\u00e9n\u00e9gal a ainsi attir\u00e9 15,472 milliards de dollars d&rsquo;IDE, soit une moyenne annuelle de 3,094 milliards de dollars. Jamais le pays n&rsquo;avait enregistr\u00e9 un tel niveau \u00bb. Cette performance reposait sur la construction des projets p\u00e9troliers et gaziers Sangomar et GTA.<\/p>\n<p><strong>\u00a0<\/strong><strong>L&rsquo;atterrissage du cycle p\u00e9trolier<\/strong><\/p>\n<p>L\u2019exercice 2025 marque une baisse de pr\u00e8s de 90 % des flux. Le Pr Amath Ndiaye explique ce repli par une logique industrielle : \u00ab Les grands projets p\u00e9troliers et gaziers sont d\u00e9sormais entr\u00e9s en phase de production. Les investissements de construction ayant \u00e9t\u00e9 largement r\u00e9alis\u00e9s, les besoins en nouveaux capitaux \u00e9trangers diminuent naturellement. Une telle baisse \u00e9tait donc en partie pr\u00e9visible. \u00bb<\/p>\n<p>L&rsquo;universitaire rappelle une r\u00e8gle macro\u00e9conomique : \u00ab les investissements li\u00e9s aux ressources naturelles, aussi importants soient-ils, sont souvent temporaires. Ils atteignent leur maximum pendant la phase de d\u00e9veloppement des projets avant de diminuer lorsque la production commence \u00bb.<\/p>\n<p><strong>Le choc de la dette publique<\/strong><\/p>\n<p>La seule transition p\u00e9troli\u00e8re n&rsquo;explique pas la violence de cette chute. Le Pr Ndiaye relie ce recul aux r\u00e9alit\u00e9s institutionnelles du pays. Cette baisse \u00ab intervient \u00e9galement dans un contexte marqu\u00e9 par la r\u00e9v\u00e9lation d&rsquo;importants engagements de dette publique qui n&rsquo;avaient pas \u00e9t\u00e9 correctement d\u00e9clar\u00e9s entre 2019 et 2024 \u00bb.<\/p>\n<p>Cette situation de gouvernance a provoqu\u00e9 \u00ab une crise de confiance, la suspension du programme avec le FMI et une d\u00e9gradation de la perception du risque souverain du S\u00e9n\u00e9gal \u00bb. Pour l&rsquo;\u00e9conomiste, \u00ab il est plausible que ce contexte ait contribu\u00e9 \u00e0 retarder ou \u00e0 d\u00e9courager certains projets d&rsquo;investissement \u00e9trangers \u00bb.<\/p>\n<p><strong>Diversification et r\u00e9formes d&rsquo;urgence<\/strong><\/p>\n<p>Le S\u00e9n\u00e9gal doit d\u00e9sormais diversifier son mod\u00e8le d&rsquo;attractivit\u00e9. Le Pr Amath Ndiaye insiste : \u00ab Le v\u00e9ritable d\u00e9fi consiste d\u00e9sormais \u00e0 attirer des investissements plus diversifi\u00e9s et plus durables. Le S\u00e9n\u00e9gal devra renforcer son attractivit\u00e9 dans l&rsquo;industrie manufacturi\u00e8re, l&rsquo;agro-industrie, les services num\u00e9riques, les \u00e9nergies renouvelables, la logistique, le tourisme et les infrastructures. \u00bb<\/p>\n<p>Pour rassurer les march\u00e9s, l&rsquo;enseignant-chercheur pr\u00e9conise des actions imm\u00e9diates. Selon lui, \u00ab il est urgent de mettre en \u0153uvre un programme de redressement budg\u00e9taire cr\u00e9dible, de restructuration de la dette publique afin d&rsquo;en r\u00e9tablir la soutenabilit\u00e9 et de conclure un nouvel accord avec le FMI \u00bb.<\/p>\n<p>Ces chantiers forment un ensemble indissociable. Comme le r\u00e9sume le Pr Ndiaye, \u00ab ces trois leviers sont compl\u00e9mentaires : ils permettront de restaurer la confiance des investisseurs, de r\u00e9duire les tensions sur les finances publiques, de faciliter l&rsquo;acc\u00e8s aux financements ext\u00e9rieurs et de cr\u00e9er les conditions d&rsquo;un retour durable des investissements directs \u00e9trangers \u00bb.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 Selon la CNUCED, les investissements directs \u00e9trangers (IDE) au S\u00e9n\u00e9gal ont chut\u00e9 \u00e0 337 millions de dollars en 2025. Le Pr Amath Ndiaye&#8230;<\/p>\n","protected":false},"author":1,"featured_media":9173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23,10],"tags":[],"class_list":["post-9172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-a-la-une","category-infos-eco","wpcat-23-id","wpcat-10-id"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>L\u2019effondrement des IDE en 2025 interpelle - challenges economiques<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/challengeseconomiques.com\/?p=9172\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"L\u2019effondrement des IDE en 2025 interpelle - challenges economiques\" \/>\n<meta property=\"og:description\" content=\"\u00a0 \u00a0 Selon la CNUCED, les investissements directs \u00e9trangers (IDE) au S\u00e9n\u00e9gal ont chut\u00e9 \u00e0 337 millions de dollars en 2025. 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