Senegal: Washington wants to restructure debt in less than a year

The United States wants to complete Senegal’s debt restructuring in less than a year. In Bangkok, on the sidelines of the IMF and World Bank annual meetings, US Treasury Under Secretary Erin Browne welcomed progress and described Senegal as an encouraging example of the G20 Common Framework. The IMF, whose Managing Director Kristalina Georgieva is optimistic, is also negotiating a $2.2 billion financial program with Dakar. After lengthy processes in Zambia and Ghana, international partners aim to speed up the response to African debt crises.