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Senegal and IMF strike $2.2bn deal, two years after debt scandal froze funding

International Monetary Fund Fund Senegal Ousmane Sonko Bassirou Diomaye Faye the International Monetary Fund National Assembly

The International Monetary Fund has reached a staff-level agreement with Senegal on a new lending programme, nearly two years after an earlier deal was suspended over previously unreported debt. — The International Monetary Fund has reached a staff-level agreement with Senegal on a new lending programme, nearly two years after an earlier deal was suspended over previously unreported debt. REUTERS - Yuri Gripas

Senegal and the International Monetary Fund have reached a staff-level agreement on a new $2.2 billion (€1.9 billion) lending programme, nearly two years after an earlier deal was suspended following the discovery of previously unreported public debt.

The 36-month arrangement, announced on Tuesday, is intended to support Senegal’s economic and financial reform programme for 2026 to 2029.

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