Senegal Coalition Urges Audit, Cancellation of Unreported Debt

Senegal's Coalition Calls for Debt Audit and Potential Cancellation A coalition of lawmakers, economists, and civil groups in Senegal has urged the government to conduct an audit to determine whether $7 billion in previously unreported debt should be canceled. The coalition expressed concerns over the strain this borrowing places on the country's finances. The coalition argues that the unreported debt has significantly increased Senegal's overall debt burden, which could have a detrimental impact on the country's economic stability and development. They believe that an independent audit is necessary to ensure transparency and accountability in the government's financial management. If the audit reveals that the debt is illegitimate or unsustainable, the coalition is calling for its cancellation to alleviate the financial pressure on Senegal. This move is seen as a crucial step in safeguarding the country's economic future and ensuring that public resources are allocated effectively to address the needs of its citizens.