Senegal's creditors consider forming committee amid debt restructuring concerns
via SeneNews1 min read
Despite the Senegalese government's stance against public debt restructuring, financial markets are showing apprehension. Creditors, including Morgan Stanley Investment Management and BlueBay Asset Management, are exploring the formation of a committee to protect their interests should renegotiations become necessary. The Minister of Economy, Finance, and Planning, Cheikh Diba, recently reiterated that the state has not changed its position, favoring an alternative strategy over formal debt restructuring. However, investors are preparing for all scenarios, with informal discussions underway to establish a group of creditors. This committee would collectively represent bondholders if Senegal decides to restructure its debt, a common practice in international markets to coordinate creditor positions during negotiations with states facing repayment difficulties.
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This summary was AI-generated from a story originally published by SeneNews.
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