Senegal seeks debt relief from creditors
Dakar is negotiating with international lenders to reduce its public debt, which stood at nearly 130% of GDP in 2025.
Senegal is in talks with international creditors to ease its public debt, which was nearly 130% of its GDP in 2025. The United States urged for the debt restructuring to conclude within one year, and creditor banks appointed a financial adviser on October 23. Debt servicing costs are expected to increase by 24% to CFA 5.498 trillion in 2026.
The government aims to reduce debt repayments while safeguarding public investment, businesses, and household purchasing power. A potential $2.2 billion financing programme with the International Monetary Fund is also being considered. These fiscal pressures remain significant for Dakar.
The IMF estimates Senegal's public debt at nearly 130% of GDP in 2025. Debt servicing costs are projected to rise to CFA 5.498 trillion in 2026.
Why it mattersSenegal's government is negotiating to reduce its public debt burden, which affects public investment, businesses, and household purchasing power.