IMF needs more data, deal on remedial measures for Senegal waiver

By Libby George

The International Monetary Fund is waiting for more data before it can firm up its assessment on Senegal’s debt situation and still needs to reach an agreement on key remedial measures with the country, a Fund spokesperson said on Thursday.

Senegal is grappling with billions in debts hidden by the previous administration – a problem for the cash-strapped country – which has seen its programme with the Fund put on hold over the issue.

The IMF’s executive board must approve either a waiver for misreporting – seen as the base case by many investors – or order Senegal to pay back previous programme disbursements. With a waiver, Senegal would be able to negotiate a new programme.

“Once we have reached agreement on the key corrective measures, the IMF Board will be in a position to consider the Senegal misreporting case and take a decision,” a spokesperson for the