Senegal says it is open to debt restructuring

Senegal’s government is open to debt restructuring after discovering billions in undisclosed debt from the previous leadership, which pushed its debt to over 130% of GDP. Political tensions between President Bassirou Diomaye Faye and former Prime Minister Ousmane Sonko over debt resolution led to a crisis, but Sonko has softened his opposition. The IMF acknowledged progress in reducing the deficit but highlighted risks from the Iran war.