Archive · 24 Jul 2025
IMF Awaits Data, Senegal Needs Agreement on Measures
The IMF, a global financial organization, is looking into Senegal's money problems.
Senegal's government has a lot of debt that was hidden from view.
The IMF wants more information before it can decide how to help.
The IMF needs to agree on steps Senegal should take to fix the issue.
If Senegal can't fix the problems, it may have to pay back money it borrowed.
The IMF will also examine why it didn't notice the hidden debt earlier.
The situation is similar to the situation in Mozambique with its debt scandal.
The IMF is awaiting more data before finalizing its assessment of Senegal's debt.
An agreement on key remedial measures with Senegal is still needed.
Senegal is dealing with billions in hidden debts from the previous administration.
Senegal's program with the IMF has been put on hold because of the issue.
The IMF estimates hidden debt to be $11.3 billion by the end of 2023, including debt of state-owned enterprises.
- Who
- The International Monetary Fund and Senegal.
- What
- The IMF is assessing Senegal's hidden debt and seeking an agreement on remedial measures.
- When
- The IMF's assessment is ongoing and the agreement on remedial measures is expected in the coming weeks.
- Where
- Senegal.
- Why
- To determine the extent of Senegal's hidden debt and to establish corrective actions.
IMF's View
Senegal's View
Assessment
IMF's View
Needs more data and agreement.
Senegal's View
Needs more data and agreement.
- Country
- Senegal
- Hidden Debt Estimate
- $11.3 billion (end-2023)
- State-Owned Enterprises Debt
- 7.4% of GDP
- IMF Program Status
- On hold
- Previous Administration's Reporting
- Understated budget deficit
- Potential Outcome
- Waiver or repayment