📈 Business
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Bloomberg
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Senegal raised $1.3 billion using derivatives despite debt worries
Senegal raised 721 billion CFA francs ($1.3 billion) using derivatives to secure cheaper foreign-currency loans last year when debt concerns closed its international market access. The move shows creative financing under financial pressure.
Senegal raised 721 billion CFA francs ($1.3 billion) using derivatives to secure cheaper foreign-currency loans last year at a time when worries about its debt effectively closed international market access.