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Senegal in Arrears with the Arab Bank for Economic Development
May 20, 2026
Senegal is said to have outstanding debt that is currentyl less than 90 days overdue with the Arab Bank for Economic Development in Africa (Badea). While Badea categorized the situation as a routine technical matter, the development underscores the financial strain on Senegal, whose public debt is projected by the IMF to hit 132% of GDP in 2026. Analysts note that the missed payments suggest the government is prioritizing international bondholders over other creditors, amid attempts to secure a new IMF program. The previous agreement collapsed after the current administration uncovered billions in undisclosed liabilities. The IMF declined to comment on specific creditor relations but noted that Senegal’s Inspection Générale des Finances is currently auditing the nation’s complete arrears. Resolving these liabilities and publishing a credible, revised macroeconomic framework remain key prerequisites for the IMF to approve a new funding facility.
Senegal’s 6.25% 2033s were trading slightly weaker at 52.9, yielding 18.5%.
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