Senegal Rejects IMF Debt-Restructuring Proposal
Sonko delivered his comments during a rally in Dakar on Sunday, just days after the Washington-based lender completed a two-week mission to Senegal without securing a new financing agreement.
Public debt in Senegal has climbed to more than $11 billion following the revelation of $7 billion in undisclosed loans. In response, the IMF has suspended a $1.8 billion lending facility to the former French colony, citing hidden debt and misreporting issues.
President Bassirou Diomaye Faye, who assumed office in April 2024, has attributed the debt predicament to his predecessor, Macky Sall.
At the ruling PASTEF party rally, Sonko reinforced this position, contending that agreeing to a restructuring plan would suggest wrongdoing by the current administration.
“What the IMF is proposing is a restructuring of this abysmal debt that Macky Sall’s party has burdened us with,” he said, adding that Faye’s government opposes “a restructuring because it would be a disgrace for Senegal.”
Earlier on Thursday, the IMF announced that its delegation had conducted “constructive discussions” with Senegalese officials during the mission, emphasizing that talks would continue to finalize a new IMF-backed program.
The institution highlighted that its focus remains on fiscal sustainability, debt management, and governance.
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