DAKAR, Sept 30 – Senegal will hold a virtual meeting with international creditors next week alongside officials from the International Monetary Fund as the government advances efforts to address its debt vulnerabilities and restore fiscal sustainability.
The meeting, scheduled for October 6, will give Senegalese authorities an opportunity to present their economic and financial position, reform program and strategy for treating the country’s debt.
According to the Ministry of Economy, Finance and Planning, the session will cover the government’s creditor engagement plan, implementation timeline and next steps. IMF officials will also outline the Fund’s recently reached staff-level agreement with Senegal on a new Extended Credit Facility arrangement and explain the relevant IMF lending frameworks.
The meeting will be hosted and chaired by IMF staff at Senegal’s request, with creditors given an opportunity to raise questions during a subsequent Q&A session. The government has stated that no material non-public information will be disclosed during the meeting.
The creditor engagement comes after Senegal formally launched its Senegal Debt Treatment Plan in September as part of a broader effort to restructure its debt profile and reduce the pressure of debt servicing on public finances.
The government said the plan is intended to improve the sustainability of public debt, reduce debt-service pressures and gradually create fiscal space for public investment, including spending on social priorities. Debt denominated in CFA francs will remain outside the scope of the treatment plan because of the importance of the regional capital market to Senegal’s financing structure.
Senegal’s debt difficulties emerged after a public-finance audit uncovered previously unreported liabilities and significant fiscal imbalances. Reuters reported that central government debt had reached about $44 billion by the end of 2025 when state-owned and guaranteed liabilities were included, equivalent to roughly 130% of GDP.
The government has also indicated that it intends to use an enhanced version of the G20 Common Framework as part of its debt-treatment strategy, with the objective of accelerating implementation and enabling parallel consultations with relevant creditors.
The creditor discussions also come after the IMF and Senegalese authorities reached a staff-level agreement on the key policies underpinning a proposed 36-month Extended Credit Facility arrangement worth about $2.2 billion.
The proposed IMF program is subject to approval by the Fund’s Executive Board and is intended to support Senegal’s economic reform program, including fiscal consolidation, stronger debt management, improved fiscal governance and measures aimed at restoring debt sustainability.
The Senegalese government has said its debt treatment strategy is designed to address vulnerabilities exposed by the earlier misreporting of public finances while preserving financing capacity for priority investments.
The October 6 meeting therefore represents an important stage in Senegal’s engagement with external creditors as authorities seek to establish a coordinated framework for addressing the country’s debt burden and rebuilding access to sustainable financing.
