Debt Restructuring: Senegal Finds Itself Against the Wall

The Prime Minister of Senegal announced a difficult situation regarding the country's debt, worsened by the exclusion of euro and dollar bonds from the Debt Treatment Program. Senegalese bonds, already depreciated, could drop in value to less than 50 cents on the dollar. A group of creditors has decided to form a law firm to defend their interests, while the agreement with the IMF has not yet resolved the debt issue.