Senegal’s Political Rupture Raises Risk of Debt Reprofile, Says Citibank

Citigroup Inc. said the political rift between Senegal's president and former prime minister increases the likelihood that the country will pursue a debt reprofiling instead of a full restructuring. A debt reprofiling extends payment terms on existing obligations without reducing the principal amount owed. Senegal's president and former premier have disagreed on fiscal and governance matters in recent months.

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