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Can Senegal shield regional markets while restructuring debt?

Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
  • Senegal wants CFA-franc debt excluded from its restructuring perimeter
  • Foreign bondholders could face heavier losses as Dakar protects regional banks

 

DAKAR, SENEGAL – Senegal wants to restructure its debt without destabilising West Africa’s financial system, but protecting regional creditors could mean bigger losses elsewhere.

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