塞内加尔美元债券走弱，此前反对派领袖乌斯曼·松科威胁要阻挠今年的修订预算案和2027年支出计划，引发担忧，这可能使该国债务重组复杂化，并推迟新的国际货币基金组织（IMF）计划。
By Katarina Höije Senegal’s dollar bonds weakened after opposition leader Ousmane Sonko threatened to block a revised budget for this year and 2027 spending plan, raising concern this could complicate its debt restructuring and delay a new International Monetary Fund program.
这西非国家的欧元债券是新兴市场中表现最差的债券之一，2033年和2048年到期的债券跌至每美元51美分以下，投资者正在权衡政府财政计划面临的风险。
The West African nation’s eurobonds were among the worst performers in emerging markets, with notes due in 2033 and 2048 falling below 51 cent on the dollar as investors weighed risks to the government’s fiscal plans.
周一，松科在首都达喀尔对记者批评政府计划削减燃油补贴，并将其上限控制在2028年前占国内生产总值（GDP）的1%。
Speaking to reporters in the capital, Dakar on Monday, Sonko criticized the government’s plan to reduce fuel subsidies and cap them at 1% of gross domestic product by 2028.
“目前我们既不拒绝任何东西，也不批准任何东西，”他说，并谴责这些提案是为偿还前政府积累的先前未披露债务而采取的紧缩措施。“如果找到解决方案，那就更好了，我们将投赞成票。”在总统巴西鲁·迪奥马耶·法耶于5月解除其总理职务后，松科当选为议会议长。他领导的非洲爱国党（Pastef）在国民议会拥有多数席位，有能力阻挠立法。
“For now, we’re rejecting nothing, but we will approve nothing either,” he said, denouncing the proposals as austerity measures to repay previously undisclosed debts accumulated by the previous government. “If solutions are found, all the better, we will vote for it.”Sonko was elected parliament speaker in May after President Bassirou Diomaye Faye fired him as prime minister. He leads the Pastef party, which holds a majority in the National Assembly and can block legislation.
在发现前政府积累了数十亿美元未披露借款后，塞内加尔正试图敲定一项22亿美元的国际货币基金组织融资安排，同时重组其外债。
Senegal is trying to finalize a $2.2 billion IMF facility while restructuring its external debts, after discovering billions of dollars in undisclosed borrowing accumulated by the previous government.
政府必须控制支出，以获得国际货币基金组织董事会对新计划的批准，该计划上个月原则上达成一致，取代了国际货币基金组织在2024年因发现隐性借款而暂停的融资安排。
The government must control spending to get IMF board sign-off on the new program, which was agreed in principle last month and replaces a facility the IMF suspended in 2024 after the hidden borrowing was uncovered.
2027年预算草案将赤字目标定为GDP的4.7%，低于今年修订后的GDP的7.6%。支出预计将下降2.9%至7.4万亿非洲金融共同体法郎（约126亿美元），主要反映资本支出减少和补贴合理化。
The draft 2027 budget targets a deficit of 4.7% of GDP, down from a revised 7.6% of GDP this year. Spending is projected to fall 2.9% to 7.4 trillion CFA francs ($12.6 billion), largely reflecting lower capital expenditure and subsidy rationalization.
长期的预算争端可能会推迟国际货币基金组织的批准，并使在二十国集团（G20）共同框架下重组外债的正在进行的谈判复杂化。
A prolonged budget dispute could delay IMF approval, and complicate ongoing discussions to rework external loans under the Group of 20’s Common Framework.
国际货币基金组织的资金支持和债务减免对于缓解贷款激增后的融资压力至关重要。
IMF funding and debt relief is critical to ease financing pressure after loans ballooned.
预算部长巴西鲁·萨尔为政府的财政计划进行了辩护，他援引因中东冲突导致的能源成本上升，以及保护公共部门薪资和现有社会承诺的必要性。
Budget Minister Bassirou Sarr defended the government’s fiscal plans, citing higher energy costs stemming from the conflict in the Middle East and the need to protect public-sector salaries and existing social commitments.