Debt Treatment or Restructuring: The Verdict of the IMF Chief After Meeting with Diomaye

Kristalina Georgieva, the IMF Managing Director, met with Senegalese President Bassirou Diomaye Faye in Washington, where she praised Senegal's commitment to addressing its debt. She expressed gratitude for the strong partnership between the IMF and Senegal, highlighting the authorities' intention to restore budget sustainability. This shift in the government's position, which was previously reluctant to formal restructuring, is part of the G20 framework to coordinate debt treatment for low-income countries.