THE AFRICA TIMES | SENEGAL — The International Monetary Fund (IMF) has reached a staff-level agreement with Senegal on a new $2.2 billion financing programme. This initiative aims to support the country’s economic reforms and restore confidence in its public finances following a debt-reporting scandal. The scandal had previously led to the suspension of a prior IMF arrangement.
Programme Overview
The proposed 36-month programme will underpin Senegal’s economic and financial reform agenda from 2026 to 2029. However, it remains subject to approval by the IMF Executive Board.
Addressing Fiscal Misreporting
In a statement, the IMF indicated that the agreement includes measures to rectify past fiscal misreporting. It also stipulates “decisive corrective measures” to support Senegal’s request for
