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Senegal debt scandal puts IMF support at risk

Saint-Louis street, Senegal Photo by Francesca Noemi Marconi @ Unsplash
Saint-Louis street, Senegal Photo by Francesca Noemi Marconi @ Unsplash
  • IMF mission leaves Dakar without a deal, raising uncertainty over future funding
  • Senegal’s debt revised to 118.8% of GDP, prompting fears of fiscal crisis

 

DAKAR, SENEGAL – Senegal is under pressure after revelations of hidden liabilities pushed its debt ratio above 110% of GDP, leaving the IMF to decide whether to keep funding the country or demand repayment.

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