Senegal awaits IMF resolution on debt misreporting, recovery plan ramps up

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Senegal awaits IMF resolution on debt misreporting, recovery plan ramps up  Senegal is also rebasing its economy for the first time since 2018 in hopes of recalibrating its debt-to-GDP ratio to more manageable levels  READ MORE : http://www.africanews.com/2025/08/27/senegal-awaits-imf-resolution-on-debt-misreporting-recovery-plan-ramps-up  Subscribe on our Dailymotion channel and receive all the latest news from the continent.    Africanews is available in English and French.  Website : www.africanews.com  Facebook : https://www.facebook.com/africanews.channel/  Twitter : https://twitter.com/africanews

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00:00Senegal remains in financial limbo as the International Monetary Fund, IMF,

00:05says it will take several more weeks before it can present the country's debt

00:09misreporting case to its executive board.

00:13Delay follows intensive discussions between IMF teams and Senegalese officials

00:18over corrective measures to address the discrepancy.

00:22The case stemmed from a dramatic revelation in September 2024.

00:26Senegal's hidden debts had ballooned from $1.9 billion to over $11 billion

00:33triggering the freezing of the previously approved $1.8 billion IMF lending program.

00:39IMF mission chief said discussions on several corrective measures will continue

00:43over the next few weeks before misreporting case can be presented.

00:48Senegal is also debasing its economy for its first time since 2018

00:52in hopes of calibrating its debt-to-GDP ratio.

00:56to more manageable levels.

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