Senegal told external creditors on 6 October that it aims to reach an agreement in principle with official lenders and bondholders by December, Reuters reported, citing three sources. Talks under the G20 Common Framework would run with both groups in parallel, not in sequence as in Ghana and Zambia, and would cover about $1.7 billion in total return swaps but exclude debt in CFA francs. The government reached a staff-level agreement with the International Monetary Fund (IMF) on 1 September after the discovery of about $13 billion in hidden debt. A quick deal would shorten a long period of uncertainty over Senegal’s finances, but holders of its $5.2 billion in Eurobonds could face losses.
Sources
- Ministry of Finance and Budget of Senegal (official): https://finances.gouv.sn/en/actualites/press-release-creditors-virtual-meeting
- CNBC Africa / Reuters: https://www.cnbcafrica.com/2026/senegal-targets-debt-deal-with-official-creditors-bondholders-by-december-sources
- MarketScreener / Reuters: https://www.marketscreener.com/news/senegal-targets-debt-deal-with-official-creditors-bondholders-by-december-sources-ce785dd9d88df32c
- Devdiscourse / Reuters: https://www.devdiscourse.com/article/international/3987841-senegal-aims-for-deal-with-official-creditors-and-bondholders-by-december-sources-say