Public Service, Salaries, Electricity... What Negotiations with Creditors Will Change in Your Daily Life

The Senegalese government has begun discussions with its external creditors, including China, to restructure a debt amounting to about 130% of GDP, a record level. The online meeting, hosted by the IMF on October 6, outlined the economic situation and negotiation timeline, with no immediate financial agreement. The restructuring is expected to affect electricity prices, subsidies, public sector hiring, and access to credit, amid a massive debt and a $2.2 billion IMF-approved program.