{"id":44952,"date":"2026-09-08T14:59:58","date_gmt":"2026-09-08T12:59:58","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=44952"},"modified":"2026-09-08T14:59:58","modified_gmt":"2026-09-08T12:59:58","slug":"senegal-will-reprofile-debt-instead-of-restructuring-prime-minister","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/senegal-will-reprofile-debt-instead-of-restructuring-prime-minister\/","title":{"rendered":"Senegal will reprofile debt instead of restructuring: Prime Minister"},"content":{"rendered":"<p>Senegal&#8217;s Prime Minister Ahmadou Al Aminou Lo told \u200cparliament this Tuesday that the West African nation will not pursue a restructuring of its debt, opting instead to reprofile.<\/p>\n<p>&nbsp;<\/p>\n<p>The International Monetary Fund and Senegal announced last week that they had reached \u2060a staff-level agreement for a $2.2 billion, three-year loan package. The previous lending programme was suspended in 2024 after the disclosure of misreported debt under the previous government.<\/p>\n<p>&nbsp;<\/p>\n<p>Senegal&#8217;s Ministry of Economy and Finance said at the time that it had agreed to an &#8220;enhanced common framework&#8221; to restore &#8220;debt sustainability&#8221;. It did not disclose what measures \u200cit \u2060would take.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;It is not a restructuring, it is reprofiling,&#8221; Lo said on Tuesday in remarks to lawmakers. &#8220;Reprofiling involves extending maturities and renegotiating interest rates.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>Lo added that roughly \u206030 mining agreements are currently being renegotiated.<\/p>\n<p>&nbsp;<\/p>\n<p>Lo was appointed as Prime Minister in May, three days after President Bassirou Diomaye Faye dismissed \u2060the government led by Ousmane Sonko, a firebrand populist who had spoken out against debt restructuring \u2060and who is now speaker of parliament.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":44953,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-44952","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Senegal will not pursue a restructuring of its debt","published_date":"2026-09-08 14:58:48","news_description":"Senegal will not pursue a restructuring of its debt","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44952","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\/44952\/revisions"}],"predecessor-version":[{"id":44954,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44952\/revisions\/44954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/44953"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=44952"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=44952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}