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IMF lauds Senegal for strengthening economy, amending debt position

Africanews · New
Africanews
Africanews
New

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
Economy