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Senegal delays budget reports as debt scandal clouds IMF talks

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  • Court of Accounts uncovered hidden liabilities pushing debt to nearly 100% of GDP
  • Eurobond repayments loom as IMF support remains frozen

Senegal’s Finance Ministry has delayed the release of its Q4 2024 and Q1 2025 budget execution reports to June 23, citing the need to restore data integrity following revelations of a $7 billion off-balance sheet debt scandal. The postponement comes amid intense scrutiny from investors and the IMF, which has frozen discussions on a new support programme until the country fully clarifies its fiscal position.

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