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Senegal: debt position and proposed creditor treatment

Senegal’s authorities set out their debt position, proposed treatment of creditors and next steps in an 18-page presentation under the IMF’s Good Offices.

Republic of SenegalEnglish18 pages

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Debt figures in the presentation

Preliminary end-2025 figures reported by the authorities. Source: page 10 (PDF, opens in a new tab)

Central government & SOE debt
US$48.430bn
Debt / rebased GDP
105.3%
Eurobond debt
US$5.228bn

What the presentation covers

MSA Trader summary of the supplied source document.

Proposed creditor treatment

The authorities propose treatment for official bilateral and commercial creditors consistent with comparability of treatment. Domestic creditors and multilateral development banks with global membership are excluded; regional development institutions would make a tailored contribution. Treatment of total return swaps remains under assessment.

Pages 12–14 (PDF, opens in a new tab)

IMF programme status described by the authorities

The presentation reports a staff-level agreement reached on 1 September 2026 for a 36-month Extended Credit Facility of about US$2.2bn. This is a staff-level agreement, with Executive Board steps still included in the proposed timetable.

Page 7 (PDF, opens in a new tab)

Proposed path to implementation

The timetable envisages official creditor committee formation in October, financing assurances and IMF Board steps in November, agreements in principle with official creditors and bondholders in December, and implementation in Q1 2027. These are proposed milestones, not completed actions.

Page 18 (PDF, opens in a new tab)