Senegalese President Bassirou Diomaye Faye met World Bank President Ajay Banga as the West African country advances plans to reprofile its debt under an “enhanced” version of the G20 Common Framework.

In a post on X, Faye said the World Bank had reaffirmed its support for sustainable financing of Senegal’s public policies. He said the discussions also focused on youth employment, which he described as a key priority.

Banga told Reuters he would discuss ways to accelerate Senegal’s case, drawing on lessons from previous debt treatments under the framework.

“We’re going to discuss how we can be helpful to ensure that his case goes through the G20 Common Framework at the fastest speed of any of the prior cases,” Banga said.

G20 members have introduced measures to improve the debt-treatment process and reduce the time needed to complete restructurings, building on lessons from previous cases. Zambia’s restructuring took more than a year, while Ghana’s was completed in just over a year.

The Common Framework was launched in 2020 during the COVID-19 pandemic to help low-income countries address unsustainable debt. The World Bank, IMF and G20 Presidency later established the Global Sovereign Debt Roundtable, bringing together debtor countries and creditors to address challenges in debt restructuring.

Senegal said this month it would use an “enhanced” version of the G20 framework to restore debt sustainability, excluding borrowing denominated in the regional CFA franc. The government has described its approach as debt reprofiling, involving measures such as extending maturities and renegotiating interest rates, rather than a conventional restructuring.

The announcement followed a staff-level agreement with the IMF on a $2.2 billion, three-year financing programme.