Senegal’s Ministry of Economy, Finance and Planning this Tuesday issued a statement rejecting comments made two days earlier by Trade Minister Serigne Gueye \u200cDiop which indicated that the government could be ready to restructure its debts if necessary.<\/p>\n
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The statement, sent to international investors, said Diop’s remarks “merely reflect personal views and should not be construed as representing the official \u2060position of the Government of Senegal.”<\/p>\n
<\/p>\n
The West African country’s finances have been in crisis since the 2024 discovery of billions of Dollars in debt that were misreported by the previous government.<\/p>\n
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The International Monetary Fund (IMF) froze its lending programme over the discovery and the two sides have been discussing a new programme since. The Fund’s Mission Chief visited last \u200cweek.<\/p>\n
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Apart \u2060from Diop’s comments, Senegalese authorities have publicly opposed a restructuring. They approached the IMF visit still reluctant to accept one, two sources told Reuters,<\/em> citing domestic political opposition.<\/p>\n <\/p>\n Many investors view a \u2060restructuring as necessary to achieve debt sustainability. Then-Prime Minister Ousmane Sonko said in November that the IMF had proposed one, and called \u2060the proposal “a disgrace”.<\/p>\n <\/p>\n Some investors believed Sonko’s dismissal as Prime Minister last month would help clear the way for a \u2060debt overhaul.<\/p>\n <\/p>\n Many also expected more aligned messaging from the government after the finance and economy ministries were combined last month.<\/p>\n <\/p>\n –Reuters–<\/p>\n","protected":false},"featured_media":14717,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-37834","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Senegal's Ministry of Economy, Finance and Planning this Tuesday issued a statement rejecting comments made by Trade Minister Serigne Gueye \u200cDiop","published_date":"2026-06-23 16:02:53","news_description":"Senegal's Ministry of Economy, Finance and Planning this Tuesday issued a statement rejecting comments made by Trade Minister Serigne Gueye \u200cDiop","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37834","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":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37834\/revisions"}],"predecessor-version":[{"id":37836,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37834\/revisions\/37836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14717"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=37834"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=37834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}