Senegal Borrowing $1 Billion More This Year for Debt in 2024
- Country seeks to avoid election years’ tight loan conditions
- Debt to reach 72.2% of GDP by year-end, ease to 65.6% in 2024
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Senegal is arranging some of its 2024 financing needs early in order to avoid a potential risk premium that most African borrowers suffer during poll years.
The country is borrowing 604.8 billion CFA francs ($976 million) more in 2023 for debt service requirements in the first four months of next year, Minister of Finance and Budget Mamadou Moustapha Ba told reporters in the capital, Dakar.