US wants Senegal debt restructuring wrapped up in less than a year

By Andrea Shalal BANGKOK, Oct 15 (Reuters) — The United States views Senegal's request for debt restructuring as a "great example" of progress on the Group of 20 Common Framework, and wants to see work on the case completed in less than a year, a top US Treasury official said on Thursday. Erin Browne, Treasury undersecretary for international affairs, co-chaired a meeting of the Global Sovereign Debt Roundtable on Wednesday together with the heads of the International Monetary Fund and World Bank. The group, which also includes creditors, borrowers and private sector players, released its progress report on the sidelines of the IMF-World Bank annual meetings in Bangkok. It was set up to help speed up treatments under the Common Framework following protracted processes in Zambia and Ghana. "We've made really good progress in terms of the sovereign debt architecture, particularly with sovereign debt restructurings," Browne told Reuters in an interview. "We highlight Senegal as a great example of moving forward under the Common Framework sovereign debt restructuring." Senegal is in the midst of a debt treatment that aims to return its finances to a sustainable trajectory. "We want thi