IMF staff to visit Senegal for more programme talks


A street food vendor pushes her cart near Kermel Market in downtown Dakar, Senegal, May 21, 2025. REUTERS/Zohra Bensemra

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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