Event
On 1 September 2026, the Senegalese authorities and the IMF reached a staff-level agreement on a 36-month IMF Extended Credit Facility of about USD 2.2 billion, under which the country will seek to restructure its public external debt through an enhanced version of the G20 Common Framework. The IMF’s final approval remains conditional on sufficient corrective action on debt management, fiscal reforms and firm financing assurances from Senegal’s creditors. The IMF will first need to finalise a Debt Sustainability Analysis on Senegal to determine how much debt relief is needed for the country to regain a sustainable debt position over time.
Impact
A state audit in 2024 revealed extensive…