Senegal to Pay 12% More Servicing Debt After Misreporting

Senegal’s debt-service bill is expected to be 12% higher than previously forecast next year, after the authorities uncovered billions of dollars in unreported liabilities under the former government, budget documents show.

The Finance Ministry projects the costs at 5.5 trillion CFA francs ($9.7 billion) in 2026, compared with a prior estimate of 4.9 trillion CFA francs, according to documents posted on the Budget Directorate’s website. Total debt-service payments over the next three years are expected to exceed earlier forecasts by 28%, reaching 14.9 trillion CFA francs.