The $1.8 billion IMF aid program secured in 2023 is currently frozen. A restructuring of the agreement is now required, according to Finance Minister Cheikh Diba. The government is aiming for a new agreement by the first quarter of 2025 at the latest.
The Minister of Finance, Cheikh Diba, announced during the annual IMF meetings in Washington that Senegal’s program with the international institution needs to be revised following an audit that revealed a higher debt and budget deficit than previously reported.
Mr. Diba, quoted by Bloomberg, stated that the current program needs to be updated. “We are in discussions with the Fund.” The government is now aiming for a new agreement with…