Search

Senegal debt scandal puts IMF support at risk

Subscriber only Subscriber only
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.

You need an active subscription to continue reading this article.

Recent Business

Africa map @ Unsplash
Is Africa’s $1.8 trillion debt crisis choking its resource future?
Read More »
A typical African house. Photo by Kristin Wilson @ Unsplash
West Africa mortgage fund posts robust H1 earnings
Read More »
Mining site @ Pexels
Zambia seeks $11.6bn energy push to power mining boom
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Is East Africa’s opposition under siege?
Read More »
Dr Mahamudu Bawumia, former vice president is a frontrunner in the opposition NPP flag bearer race. Photo: Courtesy Campaign Office of Bawumia/Facebook
Ghana’s opposition NPP flagbearer race risks ethnic split
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast opposition boycott raises election risks for investors
Read More »

Latest Posts

Latest news insights