IMF awaits further measures from Senegalese authorities for new program amid hidden debt discussions

Julie Kozack, Director of the IMF's Communications Department, stated that discussions are ongoing between the two parties. She noted that technical discussions continue, aiming for a shared understanding of Senegal's macroeconomic outlook, financing needs, and the authorities' reform priorities, which are essential conditions for any IMF program. Kozack also addressed reforms undertaken by Senegalese authorities regarding budgetary vulnerabilities, particularly those related to hidden debt.

She acknowledged measures already taken, such as successive public debt audits and institutional reforms to unify debt management. However, the IMF believes additional efforts are needed, including potential new audits, one to be conducted by a private international firm, finalization of payment arrears audits, and strengthened controls over budgetary commitments. These steps are considered crucial by the institution to consolidate progress and facilitate the conclusion of ongoing negotiations between Senegal and the IMF.