Senegal recently became a major headache for the International Monetary Fund (IMF), after the country uncovered billions of dollars of debt that were hidden by the previous administration.
Breakdown
- IMF commends Senegal for efforts to strengthen its economy. 4s
- Senegal's government uncovered $13 billion in previously hidden debt. 17s
- An IMF staff team will visit Dakar to discuss resolving the misreporting case. 26s
- Discussions will include designing corrective actions and a new IMF-supported program. 46s
- Senegal's credit rating was downgraded after the debt was revealed. 1m 17s