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Senegal rejects IMF debt-restructuring proposal

Accepting the Washington-based lender’s plan would be a “disgrace” for Dakar, the African state’s prime minister has said

Senegal has rejected a debt-restructuring proposal put forward by the International Monetary Fund (IMF). The West African country’s prime minister, Ousmane Sonko, said following the plan would amount to a national “disgrace.”

Sonko made the remarks at a rally in the capital, Dakar, on Sunday, days after the Washington-based lender concluded a two-week mission to Senegal without a new financing deal.

Senegal’s public debt has risen to over $11 billion amid the discovery of $7 billion in undeclared loans. The IMF has since frozen a $1.8 billion lending facility to the former French colony, citing misreporting and hidden debt.

Senegalese President Bassirou Diomaye Faye, who came to power in April 2024, has blamed his predecessor, Macky Sall, for the debt crisis.....more here

https://www.rt.com/africa/627581-senegal-rejects-imf-debt-restructuring-proposal/

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Ghana Interested in Purchasing Floating Nuclear Power Plant From Russia - Envoy

Ghana is interested in purchasing a floating nuclear power plant from Russia, Ghanaian Ambassador to Russian Koma Steem Jehu-Appiah told Sputnik.

"I know that our minister of energy was here last year and signed a corresponding agreement. I think this is innovative, and in a conversation with the minister of energy, he said that the country is interested.

So, Ghana could purchase such a nuclear power plant," the diplomat said when asked about the possibility of Ghana purchasing a floating nuclear power plant.
Russia and Ghana began cooperation in the field of nuclear energy after signing an intergovernmental agreement in 2015.

The agreement outlined plans for joint work in the areas of training specialists, building nuclear power plants and related infrastructure, and providing maintenance services. In October 2023, representatives of Rosatom met with the Ghanaian Ministry of Energy in Cape Town. At the meeting, Russia proposed using floating nuclear power plants to supply power to ...

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