Between Populism and Default: Why Senegal’s Debt Restructuring is Inevitable
On 13 January, Prime Minister Ousmane Sonko publicly ruled out restructuring the nation’s debt, which the IMF places at 132% of GDP. Sonko’s stance against debt restructuring is at least partially driven by genuine concerns over its likely impact on the country’s reputation in the international financial markets. However, political considerations, especially the need to …
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