{"id":20477,"date":"2025-12-04T11:18:03","date_gmt":"2025-12-04T09:18:03","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/senegal-external-debt-restructuring-increasingly-likely-bofa\/"},"modified":"2026-02-27T16:31:48","modified_gmt":"2026-02-27T14:31:48","slug":"senegal-external-debt-restructuring-increasingly-likely-bofa","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/senegal-external-debt-restructuring-increasingly-likely-bofa\/","title":{"rendered":"Senegal external debt restructuring &#8216;increasingly likely&#8217;: BoFA"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">An external debt restructuring in Senegal is &#8220;increasingly likely&#8221; in the second half of 2026, Bank of America (BoFA) Global Research said in a note on Thursday.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The country is struggling to manage billions in debts that the previous administration did not report, and is in prolonged talks with the International Monetary Fund for a fresh lending programme to help it cope.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;We expect external debt moratorium and restructuring negotiations increasingly likely towards H2 2026, alongside further domestic reprofiling,&#8221; the bank wrote, adding: &#8220;Given the resiliency of the local market, a moratorium on external debt and subsequent restructuring negotiations appears most likely in late 2026.&#8221;<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The bank said it estimated a current recovery value in the 40s, assuming an exit yield of 11%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":20478,"template":"","meta":{"_acf_changed":false},"news-type":[78,44],"class_list":["post-20477","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"External debt restructuring in Senegal","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20477","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\/20477\/revisions"}],"predecessor-version":[{"id":24501,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20477\/revisions\/24501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20478"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=20477"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}