Video Transcript
Dan Wood
Portfolio Manager
Emerging Markets Debt Team
I’m here in Dakar, Senegal, to investigate the recent volatility in Senegal’s Eurobond market. Volatility has spiked due to the declaration of a previously hidden stockpile of government debt. Debt levels are how as high as 130% and fears in the market are that Senegal will need to restructure. An IMF mission has spent the past few weeks here investigating the sustainability of Senegal’s debt, and have left the market speculating as to what their conclusion is. No deal has been agreed yet with the IMF, but the Senegal authorities are keen to point out to international investors that their investment is money good. I’m here for a couple of days of meetings with some high-profile figures to establish for myself exactly what the outcome is going to be. But for now, it’s time to relax, kick back, and enjoy the wonderful Senegalese hospitality.
Disclosure
The views and opinions expressed herein are those of the speaker(s) as of the date of publication, are subject to change without notice as economic and market conditions dictate, and may not reflect the views and opinions of other investment teams within William Blair. Factual information has been obtained from sources we believe to be reliable, but its accuracy, completeness, or interpretation cannot be guaranteed. This material may include estimates, outlooks, projections, and other forward-looking statements. Due to a variety of factors, actual events may differ significantly from those presented. This video has been provided for informational purposes only and should not be considered as investment advice or a recommendation of any particular strategy or investment product, or as an offer to buy or sell any securities or related financial instruments in any jurisdiction. Investment advice and recommendations can be provided only after careful consideration of an investor’s objectives, guidelines, and restrictions. Investing involves risks, including the possible loss of principal. Past performance is not indicative of future results.