Senegal meets nearly half a billion debt obligation amid unrest

Senegal managed to avoid a debt default by paying almost half a billion dollars in debt obligations, as reported by Africa News and agencies on March 14th.

However, with the country spending cuts, delaying payments to other lenders, and seeing mounting domestic unrest, there are doubts over the country’s ability to sustain this approach long-term.

The Central Bank of West African States transferred 380 million euros to holders of eurobonds and another $33 million to investors holding dollar-denominated bonds.

Africa News and agencies