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IMF’s proposed Senegal debt‑restructure called a ‘disgrace’ by Prime Minister
Senegal rejects IMF restructuring of its 130%‑plus GDP debt, raising risks for regional sovereign funding and reform progress.
The International Monetary Fund (IMF) urged restructuring of Senegal’s sovereign debt, but the country’s Prime Minister declared the plan a “disgrace,” rejecting any deal that labels the nation as a “bad student” despite public‑sector debt exceeding 130 % of GDP.
Talks remain ongoing, with the IMF still assessing debt sustainability and conditions for future financing.
The public rebuff raises concerns about the pace of reforms and may worsen investor sentiment toward West African sovereigns already under pressure - potentially raising funding costs for the region.