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Senegal repays $471mn debt as IMF talks test financial credibility

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 repays $471mn external debt amid IMF negotiations
  • Analysts urge transparency over $7bn “hidden debt” revelations

 

DAKAR, SENEGALSenegal has repaid $471 million of its debt on bonds, sending a signal to international markets as the West African nation negotiates with the International Monetary Fund.

The payment comes at a delicate moment for Dakar, which is seeking to reinforce investor confidence after concerns about undisclosed liabilities and rising public debt.

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