{"id":15287,"date":"2025-11-14T12:11:01","date_gmt":"2025-11-14T10:11:01","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/15107\/"},"modified":"2026-02-27T16:27:34","modified_gmt":"2026-02-27T14:27:34","slug":"15107","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/15107\/","title":{"rendered":"&#8216;Senegal will pay its debts, committed to IMF talks&#8217;"},"content":{"rendered":"<div class=\"elementToProof\"><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Senegal&#8217;s Finance Ministry told investors it will pay back its debts and continue its talks with the International Monetary Fund (IMF) as the nation braces for a key credit rating decision from \u00a0Standard and Poor (S&amp;P) Global later on Friday.<\/span><\/div>\n<div><\/div>\n<div class=\"elementToProof\">The Ministry of Finance and Budget, in a statement sent to investors on Thursday and seen by <em>Reuters<\/em>, said it was &#8220;resolutely committed to its dialogue&#8221; with the Fund.<\/div>\n<div><\/div>\n<div>&#8220;Senegal reiterates that it will continue to honour its obligations as they fall due and is progressing adequately on the implementation of its financing plan for 2026,&#8221; the statement read.<\/div>\n<div><\/div>\n<div>The Finance Ministry did not immediately respond to a request for comment.<\/div>\n<div><\/div>\n<div>The statement added that the government was pushing ahead with efforts to strengthen public finances by boosting revenue, managing expenditures and aligning budget execution with its 2025 targets.<\/div>\n<div><\/div>\n<div class=\"elementToProof\">By end-September, revenues excluding grants and current expenditures had reached 73% of targets, the Ministry said.<\/div>\n<div><\/div>\n<div>The IMF, following its mission to Senegal earlier this month, said the &#8220;very high tax yield&#8221; assumed in Senegal&#8217;s revenue growth projections &#8220;poses a significant risk.&#8221;<\/div>\n<div><\/div>\n<div>The Fund suspended Senegal&#8217;s lending program last year after the then new government flagged unreported debts that have since grown to more than $11 billion.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":12713,"template":"","meta":{"_acf_changed":false},"news-type":[78,44],"class_list":["post-15287","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Senegal's Finance Ministry told investors it will pay back its debts","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15287\/revisions"}],"predecessor-version":[{"id":19590,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15287\/revisions\/19590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12713"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15287"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}