IMF is waiting for more data, agreement on remedial measures on Senegal

24-07-2025

LONDON - The International Monetary Fund is waiting for some more data before it can firm up its assessment on Senegal's debt situation and still needs to reach an agreement on key remedial measures with the country, a Fund spokesperson said on Thursday.
Senegal is grappling with billions in debts hidden by the previous administration - a problem for the cash-strapped country - which has seen its programme with the Fund put on hold over the issue.
"Once we have reached agreement on the key corrective measures, the IMF Board will be in a position to consider the Senegal misreporting case and take a decision," a spokesperson for the Fund said in response to emailed questions from Reuters.
Based on latest data received from Senegalese authorities, hidden debt is estimated at $11.3 billion at the end of 2023, the spokesperson added. This included a portion for state-owned enterprises of about 7.4% of GDP. REUTERS

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Senegal unveils recovery plan to rely on domestic funding

Straits Times

2 days ago

Straits Times

Senegal unveils recovery plan to rely on domestic funding

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Pakistan's annual inflation accelerates to 4.1% in July

CNA

3 days ago

Pakistan's annual inflation accelerates to 4.1% in July

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Senegal's prime minister unveils recovery plan to rely on domestic funding