Abdoulaye Ndiaye & Martin Kessler argue that the pace of fiscal consolidation needed for repayment would probably end up costing the country more.
Economics
Feb 23, 2026
Abdoulaye Ndiaye
and Martin Kessler
Senegal does not have any pain-free options for escaping its intensifying debt crisis. But absent large volumes of cheap liquidity, attempting to repay its debts at all costs would likely prove costlier than biting the bullet and initiating debt-restructuring negotiations.
Senegal is resisting an IMF-recommended debt restructuring, but support from the Fund is critical for its recovery.
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