IMF and Senegal remain at odds over debt, budget, and fiscal policy
via SeneNews5 min read
Significant disagreements persist between the International Monetary Fund IMF and the State of Senegal, despite recent meetings in Washington during the joint IMF-World Bank gatherings. Cheikh Diba and Abdourahmane Sarr's visit did not bridge the gap on key points of contention, including the country's debt level, its management, and fiscal policy directions. Reuters confirmed the lack of progress, indicating that discussions between Senegalese authorities and IMF officials failed to revive cooperation, which is crucial for reassuring international lenders. While Senegalese ministers described the discussions as "fruitful," including a meeting with IMF Managing Director Kristalina Georgieva and her deputy Kenji Okamura, fundamental differences remain. A major point of disagreement is budgetary projections: the Senegalese government forecasts a 5.6% deficit for the current year, while the IMF estimates it at 6.7%, with a 5.8% prediction for 2027. The IMF attributes this to a strategy relying on aggressive fiscal pressure, which is itself a point of friction. Mercédès Vera-Martin, the IMF representative for Senegal, reportedly warned against an "overly aggressive fiscal policy," advocating for a more gradual adjustment to limit the impact on the population. This aligns with former IMF Africa Department Director Abebe Aemro Selassie's call to avoid irreversible choices that could lead to excessive austerity. In this context, Senegalese authorities are exploring alternative finan
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BreakingOn Saturday, April 25, 2026, fighting was reported on the outskirts of Mali's capital, Bamako, and in several other locations across the country. The Malian army announced in a statement that it was engaged in combat with "terrorist groups" that had attacked barracks and other targets. Witnesses reported assaults in various areas. The army stated that "unidentified armed terrorist groups" targeted points and barracks in the capital and interior early that morning. A Bamako resident attempting to reach the airport for a flight was turned back due to a military deployment, describing high tension and armed soldiers who appeared to be in a panic. Access to the airport area was strictly controlled. An AFP journalist observed deserted streets in Bamako and heard intermittent explosions around 9:00 AM local time, particularly near the 101 Senou base, which is close to the airport. Helicopters were also seen circling above the capital near the airport. Intense gunfire was also heard in Kati, a town near Bamako that houses the residence of junta leader General Assimi Goïta, according to witnesses, a security source, and an elected official. Residents of Kati and the airport area posted images on social media showing homes damaged by explosions. Attacks were also reported in Gao, Kidal, and Sévaré. Mali, a Sahelian country led by a junta that came to power through coups in 2020 and 2021, has faced over a decade of conflict and jihadist violence from groups affiliated with Al-Qaeda and
Must ReadThe United States Embassy in Mali has advised its citizens to shelter in place following reports of explosions and gunfire in Bamako and its surroundings on Saturday, April 25. A message posted on the diplomatic mission's X account stated that these incidents were reported near Kati and the Modibo Keïta International Airport in Bamako. US citizens are urged to remain where they are and avoid traveling to these areas until further information becomes available. This alert follows multiple reports of detonations and gunfire in various parts of the Malian capital, particularly near the airport.
BreakingThe Malian army announced on Saturday, April 25, 2026, that clashes are underway in the capital Bamako and several other locations across the country. According to a statement from the army, "unidentified armed terrorist groups" targeted various points and barracks in the capital and interior regions early that morning. This announcement follows reports from witnesses of attacks in multiple areas. Mali, a Sahelian nation led by a junta, has been experiencing over a decade of conflict and jihadist violence.
Must ReadAlioune Guèye, Director General of Petrosen Holding, addressed the controversy surrounding the Yakaar-Teranga gas block, stating that Kosmos Energy's withdrawal was not spontaneous but resulted from structured renegotiations initiated by the new Senegalese authorities. He explained that this matter was a priority for a commission established by Prime Minister Ousmane Sonko. Guèye indicated that the state presented several legal options during discussions, including a voluntary negotiated withdrawal, unilateral contract termination, or international arbitration as a last resort. This approach aimed to defend Senegal's strategic interests in a sector deemed crucial for energy sovereignty and economic development. The Director General of Petrosen affirmed that Kosmos Energy's withdrawal was a direct outcome of these renegotiations, which began with the new administration, with the goal of reaching an agreement favorable to the state. Regarding Kosmos Energy's communication, Guèye suggested the company was permitted to announce its departure to protect its stock market interests, framing this as part of a diplomatic strategy that facilitated the conclusion of negotiations without open conflict.