The International Monetary Fund (IMF) said on Monday that its staff will visit Senegal from August 19 to September 1 to continue discussions on economic policies and reforms that could be supported by a new lending arrangement.
The planned visit follows an IMF mission to Senegal in June, when the Washington based lender described discussions over the country’s request for a new programme as “open and constructive.”
Senegal has been working with the IMF to resolve a debt misreporting issue that emerged in 2024 after the country’s newly elected authorities disclosed previously unreported liabilities.
The disclosure prompted the IMF to suspend its previous $1.8 billion lending programme, while Senegal has since faced limited access to international capital markets and relied more heavily on regional borrowing.
The IMF said its engagement with Senegal remains focused on restoring macroeconomic stability, strengthening economic management and supporting sustainable and inclusive growth.
“The IMF remains firmly committed to helping Senegal safeguard macroeconomic stability and foster sustainable and inclusive growth,” the Fund said in a statement.
The upcoming mission is expected to provide an opportunity for both sides to make further progress towards a potential new lending arrangement as Senegal seeks to address its debt challenges and rebuild investor confidence.
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