IMF requests new audit for Senegal's 'hidden debt
via SeneNews5 min read
The International Monetary Fund IMF has reignited discussions surrounding Senegal's "hidden debt" by requesting an additional audit, emphasizing the need for complementary measures to ensure transparency. This decision follows previous efforts by Senegalese authorities and aims to foster renewed dialogue between Dakar and the institution. IMF spokesperson Julie Kozack, speaking from Washington, stated that despite progress in Senegal, "decisive" complementary measures are essential to consolidate achievements in addressing the issue. Among the proposed actions is an independent audit conducted by an international private firm, in addition to finalizing a comprehensive audit of payment arrears and strengthening budgetary commitment control mechanisms. The IMF acknowledges that Senegalese authorities have undertaken significant actions, including successive audits of public debt and institutional reforms to unify debt management and correct past reporting errors. During its last mission to Dakar, the IMF commended the Senegalese government's commitment to transparency but urged continued efforts for a complete resolution. The IMF is maintaining technical discussions with Senegalese authorities, as Dakar has expressed interest in a new program supported by the international financial institution. The ongoing exchanges aim to achieve a shared vision of the country's macroeconomic outlook, financing needs, and priority reforms, particularly in debt management, public governance, a
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Archbishop Andr茅 Gu猫ye of Dakar called on the Senegalese government and private sector to move beyond a sole focus on profit and embrace principles of generosity and social responsibility. Speaking at an economic forum for Christian business leaders, themed "Economic Sovereignty: Challenges for Development and Youth Employment," Archbishop Gu猫ye emphasized the urgent need to better regulate Corporate Social Responsibility CSR to ensure fairness. He stressed that justice demands young people have access to the workforce, enabling them to be protagonists in their own lives and achieve self-sufficiency. The Minister of Youth and Sports, Djir猫ye Clotilde Coly, supported this view, stating that while the market has its rules, the economy should not be reduced to profit alone. She highlighted that Senegal 2050 envisions decent employment opportunities for two out of three active individuals, an objective reliant on a strong national private sector. Coly added that creating sustainable jobs for youth is the best investment for the future, promoting fair wages and values of integrity. 脡tienne Di猫ne, president of the association that organized the forum, underscored that youth employment is a matter of dignity. He expressed optimism that through faith and hope, young people can move from resilience to personal exploration and success. Di猫ne stated that the forum aims to unite African and European businesses to address issues of faith, justice, equity, and human transformation, with it