US EditionSenegal Will Not Need Debt Restructuring, Prime Minister Says
Senegal's debt is 132% of GDP but the government says repayments have been manageable for 18 months and no restructuring is planned despite IMF funding pause.
7 Articles
7 Articles
Senegalese Prime Minister Ousmane Sonko claims that Senegal's public debt is "viable" and rejects any idea of "restructuring" this debt, as suggested by the IMF during its last visit in November and as advocated by some experts in Senegal. The country faces a dizzying public debt estimated at 132% of GDP by the IMF.
Senegal Rules Out Debt Restructuring Despite IMF Concerns
By Emmanuel Nduka Obisue Senegal’s Prime Minister, Ousmane Sonko, has said his government will not pursue debt restructuring, even as the country grapples with mounting repayment pressures and a suspended International Monetary Fund (IMF) financing programme. Speaking on Thursday at a joint press conference with Mauritania’s Prime Minister, Sonko insisted that Senegal could navigate its current fiscal challenges without renegotiating its debt o…
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