I’m sharing our new policy note, "A Strategic Compass for Navigating Senegal's Debt Crisis," co-authored with Martin Kessler (Finance for Development Lab) and me (NYU Stern School of Business). The report offers a clear framework for interpreting the current situation and weighing the options available to Senegal. Senegal’s debt crisis is as much a liquidity crisis as a credibility crisis; the response therefore needs to be conceived as a strategy, rather than a succession of emergency measures. We compare the possible trajectories, highlighting their economic and social costs, political constraints, and conditions for success.
Enjoy the read.
Link in the first comment.