Senegal’s ​Prime Minister Ahmadou Al Aminou Lo told ‌parliament on Tuesday that the West African nation will not pursue a restructuring of its debt, opting instead ​to reprofile.

The International Monetary Fund and Senegal ​announced last week that they had reached ⁠a staff-level agreement for a $2.2 billion, three-year loan ​package. The previous lending programme was suspended in ​2024 after the disclosure of misreported debt under the previous government.

Senegal’s Ministry of Economy and Finance said at ​the time that it had agreed to ​an “enhanced common framework” to restore “debt sustainability”. It did not disclose what measures ‌it ⁠would take.

“It is not a restructuring, it is reprofiling,” Lo said on Tuesday in remarks to lawmakers. “Reprofiling involves extending maturities and renegotiating interest ​rates.”

Lo added that ​roughly ⁠30 mining agreements are currently being renegotiated.

Lo was appointed as prime minister in ​May, three days after President Bassirou ​Diomaye Faye dismissed ⁠the government led by Ousmane Sonko, a firebrand populist who had spoken out against debt restructuring ⁠and ​who is now speaker ​of parliament.