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Senegal's eurobonds have fallen due to concerns that the country may restructure its debts, potentially threatening losses for investors. Bank of America is pessimistic about Senegal's ability to avoid a restructuring, citing low liquidity ratios and IMF debt thresholds. Senegal's debt burden has been inflated after discovering $7 billion in hidden loans, prompting IMF to suspend a $1.8 billion funding package. Talks for a new IMF program are ongoing, but will depend on a debt sustainability analysis and Senegal's steps to put its finances on a sustainable path.
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