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Senegal’s growth is forecast to fall to 2.5% in 2026 from 6.7%, as a US$2.2 billion IMF deal and Eurobond talks decide its debt path. The post Senegal’s Economy Slows to 2.5% as Debt Talks Begin appeared first on The Rio Times.
The country must break the cycle of flawed structural adjustment that only feeds its debt crisis
Senegal private sector dialogue: PM Ahmadou Al Aminou Lô met about 15 business groups in Dakar and pledged a payment timetable for state arrears. The post Senegal Private Sector Dialogue: PM Lô Pledges Arrears Timetable appeared first on The Rio Times.
Senegalese football star Sadio Mané is betting millions of dollars of his own money that the West African nation’s mangoes can become a crop that spurs economic development in the country of his birth.
Senegal, the cash-strapped nation that recently agreed a $2.2 billion bailout from the International Monetary Fund and is seeking to rework its debts, is among African sovereigns included in a new frontier-markets bond index being introduced by JPMorgan Chase & Co.
In February Dakar said it was against restructuring. In September it entered a G20 process, and the World Bank president wants it done at record speed. The post Senegal Debt Restructuring Was Unthinkable in February. Now Dakar Wants It Fast appeared first on The Rio Times.
The International Monetary Fund said that Senegal’s debt sustainability analysis, or DSA, is being prepared under the “current framework” for low-income countries, according to a spokesperson.