Debt and Discord in Senegal: A Cautionary Tale for Economies in Crisis The sacking of Prime Minister Ousmane Sonko by President Bassirou Diomaye Faye has sent shockwaves through Senegalese politics, but beneath the surface lies a far more pressing issue: the country's crippling debt crisis.
Lo, the newly appointed prime minister, will be tasked with addressing this crisis, which has left Senegal at the mercy of the International Monetary Fund (IMF).
Senegal's predicament is all too familiar to economists and policymakers around the world. The country's staggering 132% debt to GDP ratio has led the IMF to freeze a $1.