Senegal says it will need CFA1.195 trillion ($2.06 billion) to finance its 2025 budget. Government plans to cut this need to CFA155 billion by 2029 if a new IMF deal is reached. PM Sonko calls for a ...

In response to the reported discrepancies, the IMF suspended its $1.8bn credit facility to Senegal in 2024, pending a full review of the country's fiscal reporting. The suspension remains in place ...

The International Monetary Fund on Wednesday called for Senegal to streamline tax exemptions and phase out costly energy subsidies as part of "urgent reforms" after an audit revealed misreporting of ...

The IMF suspended its existing $1.8 billion credit facility to Senegal pending a review of state finances, which confirmed last month that the debt and budget deficit were much wider than former ...

An IMF mission visited Senegal to review findings of the audit report by the Court of Auditors, confirming significant under-reporting of fiscal deficits and public debt between 2019–2023. The team ...

Mr. Abebe Aemro Selassie, Director of the International Monetary Fund’s (IMF) African Department, met yesterday in Dakar with President Bassirou Diomaye Faye of Senegal. At the conclusion of the ...

The IMF suspended Senegal’s $1.8 billion program in October after an audit ordered by President Bassirou Diomaye Faye following his election last year found the previous administration ...

The IMF’s comprehensive strategy will run until 2023, during which time it aims to guide the developing nation to achieve middle-income status. Experience of other countries across the world suggests ...

Senegal's public debt rose to 105.7% of GDP by the end of 2024, according to the IMF, which has endorsed findings by the country's Court of Auditors The IMF mission to Dakar, conducted in March, ...

Senegal closed its latest bond issue two weeks early after pulling in CFA405 billion, well above its CFA150 billion goal. The strong demand comes despite rising concerns over public debt and a ...