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The IMF has announced that it will be sending a team to Senegal.
The IMF will send a team to Senegal to negotiate a new loan program after resolving a major debt misreporting issue that had previously suspended a $1.8 billion credit line. IMF Managing Director Kristalina Georgieva confirmed the decision following constructive talks with Senegalese officials during the IMF-World Bank annual meetings. Senegal’s new government disclosed over $11 billion in previously unreported debt, prompting the IMF to reassess the country’s financial credibility and macroeconomic stability. The upcoming program aims to support fiscal transparency, structural reforms, and inclusive growth, potentially improving investor confidence and lowering borrowing costs.
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