Sonko of Senegal Softens Stance on Debt Talks

Senegal’s National Assembly Speaker Ousmane Sonko has signalled a more flexible position on debt restructuring ahead of renewed discussions between the government and the International Monetary Fund (IMF).

In an interview with French broadcasters RFI and France 24, Sonko said he does not hold “rigid positions” on the issue and that policymakers must assess the country’s financial situation pragmatically. The remarks mark a shift from comments he made last year when he strongly opposed debt restructuring and described such a move as a “disgrace.”

The change in tone comes as an IMF delegation prepares to resume talks with Senegal over a new lending programme. The previous $1.8 billion IMF programme was suspended after revelations that debt and budget figures had been misreported under the administration of former President Macky Sall.

Sonko, who was dismissed as prime minister last month before being elected Speaker of the National Assembly, remains one of the country’s most influential political figures. His new role gives him significant influence over legislation and economic policy debates at a time when Senegal is grappling with rising debt concerns.

While reiterating that he would oppose measures that could undermine the country’s long-term economic interests, Sonko acknowledged that circumstances have changed. He cited recent global developments, including rising economic pressures linked to the conflict involving Iran, as factors requiring a reassessment of previous positions.

An IMF team is expected in Dakar this week, but neither side has indicated whether a new financing agreement is close.

SOURCE: Reuters