Senegal: What strategies to address the debt? [Business Africa]

Senegal is accelerating negotiations with international creditors to ease public debt estimated by the IMF at nearly 130% of GDP in 2025. The United States called on October 15 for the debt restructuring to be completed within a year, and creditor banks appointed their financial adviser on October 23. Debt service is expected to rise from 4,435 billion CFA francs in 2025 to 5,498 billion in 2026, while a $2.2 billion financing program with the IMF is under consideration. Dakar aims to reduce repayment pressures without undermining public investment, businesses, or household purchasing power.