Senegal’s trade minister, Serigne Gueye Diop, has indicated that the government would consider restructuring its debt if negotiations with the International Monetary Fund determine it necessary, marking a notable shift in tone from previous public resistance. Senegal’s finances have been under strain since 2024, when authorities discovered billions of dollars in debt that had been concealed by the prior administration, prompting the IMF to suspend its lending program. Diop said the government is approaching talks with the Fund pragmatically and without ideological resistance, following a recent IMF visit to the country. Senegal’s leadership had previously rejected restructuring, fearing political backlash. However, growing concerns about debt sustainability have increased pressure for a policy shift.
Reuters