IMF agrees $2.2 billion three-year loan package for Senegal

Senegal reached a staff-level agreement with the International Monetary Fund for a US$2.2 billion, three-year lending programme as the government seeks to restore debt sustainability after uncovering more than US$11 billion of previously misreported borrowing. The agreement still requires approval from IMF management and its Executive Board. The deal follows months of negotiations after the […]