Senegal To Raise $10bn By 2028 To Avert Debt Crisis

Senegal says it will take steps, including raising taxes and renegotiating energy contracts, to raise almost $10 billion over three years to help it deal with a debt crisis.

The new measures are aimed at reassuring investors, after the International Monetary Fund (IMF) said last week that it will begin discussions with the country next month toward new funding.

Senegalese bonds declined on…