To reclaim its sovereignty, Senegal must approach debt differently

Earlier this month, the International Monetary Fund and Senegal announced a new loan programme worth $2.2bn. This came after a previous deal was suspended following the discovery in July 2024 of concealed debt equivalent to approximately 25 percent of the country’s GDP, which brought public debt to over 130 percent of GDP, one of the highest ratios in Africa.

This is what might be called a democ...