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