The United States turns its attention to Senegal’s debt: “Now, this is what we want”

At a meeting of the Global Sovereign Debt Roundtable, Erin Browne, the U.S. Treasury under secretary for international affairs, called for Senegal’s public debt restructuring to be completed quickly and transparently. Washington sees Dakar’s process as an “excellent example” of progress under the G20 Common Framework, which is intended to avoid the lengthy procedures seen in Zambia and Ghana. Browne said the goal raised by participants of completing the process in less than a year was realistic. Senegal’s government has begun discussions with creditors and plans to use an improved version of the Common Framework.