IMF staff to visit Senegal this week, reflecting progress toward new program

WASHINGTON/DAKAR, Aug 17 (Reuters) - ‌The International ​Monetary ​Fund said on Monday that its staff would visit the West African country ‌from August 19 to September 1 to ⁠continue discussions on policies and reforms that could be supported ‌by a new lending ‌arrangement.

The two-week visit by a full IMF team reflects progress toward a new lending program ​for Senegal, and will involve more technical discussions, said a source familiar with the ⁠discussions.

• On August 3, an IMF spokesperson told Reuters that "IMF staff ​stand ready to visit as soon as the authorities indicate they are prepared for ​the next phase of discussions."

• ‌The visit will be the latest to help resolve a debt misreporting ⁠issue disclosed in 2024 that led to a freeze in the previous IMF program.

• Last week, Senegal's ⁠minister-delegate for budget visited China, the country's largest bilateral creditor, ​two sources told Reuters.

• Senegal and the IMF have been working on the debt issue since 2024, when the ‌country's then-newly elected leaders disclosed a far larger debt pile than previously ‌reported.

(Reporting by Nilutpal Timsina in Johannesburg, Andrea Shalal ⁠in Washington and ‌Portia Crowe in ​Dakar; Additional reporting by Ruchika Khanna in Bengaluru; Editing by Alexander Winning and Edward ‌Tobin)

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