Archive · 24 Jul 2025
IMF to Discuss Hidden Debt and New Program in Senegal
The International Monetary Fund (IMF) is sending a team to Senegal in August because the country has a lot of secret debt that wasn't reported correctly.
The IMF wants to figure out how the debt got hidden and discuss a new plan to help Senegal.
They will also talk about how to fix the issue and make sure it doesn't happen again.
The hidden debt is a large amount of money.
News of the IMF's visit caused a jump in the value of Senegal's bonds, showing that investors are hoping for a positive outcome.
IMF plans an August mission to Senegal to address hidden debt.
The IMF will discuss steps to address the misreporting case with its executive board.
Discussions will begin on a new IMF-supported program for Senegal.
Hidden debt is estimated to be $11.3 billion by the end of 2023.
Bonds jumped following the announcement of the IMF mission.
- Who
- The International Monetary Fund (IMF) and Senegal
- What
- The IMF is planning a mission to Senegal to discuss hidden debt and a new loan program.
- When
- The mission is planned for August.
- Where
- Senegal
- Why
- To address hidden debt, assess the situation, and potentially begin a new loan program.
IMF
Senegal
Debt Assessment and Remedial Action
IMF
Need to uncover and assess hidden debt.
Senegal
Need to reach agreement on key corrective measures and a new program.
- IMF Mission Date
- August
- Hidden Debt Estimate
- $11.3 billion (end-2023)
- Hidden Debt Portion for State-Owned Enterprises
- 7.4% of GDP
- Bond Gains
- Euro-denominated bond gained more than 3 cents, dollar-denominated bond gained nearly 3 cents