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Macro EconomyMediumUpdated×3•Originally published 4 September 2026•Updated 8 September 2026•
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Senegal Launches Debt Treatment Plan and Reaches Staff-Level Agreement With the IMF

Key Facts

1Senegal launched its Debt Treatment Plan (PTDS) on September 1, 2026, and the IMF announced a staff-level agreement the same day on an Extended Credit Facility arrangement.
2Seneweb reported that S&P cut the foreign-currency rating to CC and the local-currency rating to CCC on September 4, 2026, with negative outlooks on both.

Senegal's Ministry of Economy, Finance and Planning launched its Debt Treatment Plan (PTDS) on September 1, 2026, as part of an active public debt management strategy. The IMF announced a staff-level agreement the same day on a 36-month Extended Credit Facility arrangement worth about $2.2 billion.

Seneweb reported on September 4, 2026 that S&P lowered Senegal's long-term foreign-currency rating from CCC+ to CC and its local-currency rating from CCC+ to CCC, with negative outlooks on both, following the debt-treatment announcement.

The Finance Ministry said CFA franc-denominated debt would remain outside the plan and that the government had informed its official partners of its intention to use an enhanced Group of Twenty Common Framework, with parallel consultations with relevant creditors.

The IMF agreement remains subject to management and Executive Board approval, corrective action concerning the misreporting case, and the necessary financing assurances from Senegal’s partners. The preliminary agreement therefore does not constitute final approval to disburse financing.