HomeWorldAfricaIMF staff to visit Senegal for more programme talks

IMF staff to visit Senegal for more programme talks

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Aug 17 (Reuters) - ‌The International Monetary Fund said ​on Monday that its staff would visit the ⁠West African country from August 19 to September 1 to continue discussions on policies ​and reforms that could be supported by ‌a new lending arrangement.

The last time the Washington-based lender's staff visited the West African nation ⁠was in June, when it ⁠said there were "open and constructive technical discussions" on Senegal's request for a new programme.

Senegal and the IMF have been working ‌to resolve a debt misreporting issue since ⁠the country's then-newly elected ‌leaders disclosed the problem ​in 2024.

The fund froze its previous $1.8 billion lending programme after the larger debt ‌pile came to light. Senegal ​has been largely ⁠shut out of international capital markets ‌since, leaving it ⁠reliant on regional borrowing.

"The IMF remains firmly committed to helping Senegal safeguard macroeconomic stability ​and foster sustainable ‌and inclusive growth," the Fund's statement said ⁠on Monday.

(Reporting by Nilutpal ​Timsina; Additional reporting by Ruchika Khanna;Editing ​by Alexander Winning)

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