Senegal, IMF reach $2.2bn staff-level deal, two years after debt scandal froze funding

Senegal and the IMF have agreed on a new $2.2 billion lending programme, restoring a financial relationship that was suspended in 2024 after unreported public debt was discovered. The staff-level agreement signals a return to IMF support, but final approval by the IMF board is pending. This development is significant for Senegal's fiscal credibility and access to international capital markets.