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A tonne of public debt is never made public

by Euro Times
October 5, 2024
in Finance
Reading Time: 1 min read
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How a lot cash has Senegal borrowed? Greater than beforehand thought, in accordance with Ousmane Sonko, who grew to become its prime minister in April. At a press convention on September twenty sixth he mentioned the earlier authorities had “lied to the folks” by hiding loans price 10% of GDP, sufficient to push the nation’s public debt to 83% of nationwide revenue. Since a full audit has not but been printed, it’s arduous to know what numbers to imagine. The IMF, which has a $1.9bn bail-out programme with Senegal, will not be happy.



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