Senegal’s debt strategy: El Malick Ndiaye rejects restructuring amid economic challenges
Senegal’s highest authorities have firmly outlined their stance on public debt. El Malick Ndiaye, President of the National Assembly, used a recent gathering in Dakar to reiterate the government’s categorical refusal to restructure its sovereign debt. Instead, Dakar advocates for a sovereign approach, prioritizing internal adjustments over negotiations with creditor groups. This position aligns with the executive’s longstanding discourse, especially after the revelation in late 2024 of a debt burden higher than previously reported.
Political resolve against debt restructuring
The rejection of restructuring has emerged as a defining feature of the economic doctrine shared by President Diomaye Faye and Prime Minister Ousmane Sonko. For Senegalese authorities, initiating renegotiations could...











