Senegal’s Prime Minister Ousmane Sonko has affirmed that the country does not require debt restructuring, despite a heavy repayment schedule and a high debt-to-GDP ratio, government officials said. Sonko highlighted that Senegal’s fiscal measures and resource mobilization strategies ensure the nation can meet its obligations without formal restructuring, according to MarketScreener.
The remarks follow scrutiny of Senegal’s finances after an audit revealed billions in previously undisclosed liabilities, pushing public debt above 130 percent of GDP and prompting the International Monetary Fund to suspend a $1.8 billion lending programme. Sonko emphasized that the government has maintained timely repayments over the past 18 months, demonstrating debt sustainability, as reported by Reuters.
Speaking alongside his Mauritanian counterpart, Sonko reiterated confidence in domestic revenue mobilisation and policy reforms to support debt servicing. Finance Minister Cheikh Diba added that ongoing discussions with the IMF could help finalise a new programme, reinforcing Senegal’s commitment to managing debt responsibly, Channel Africa noted.
Ghana MMA maintains that debt restructuring could be needed if pressures escalate, Senegal’s leadership is framing its strategy as resilient debt management, emphasizing fiscal prudence and sustained repayments rather than formal restructuring.
