IMF reaches agreement with Senegal on aid program of about $2.2 billion for 2026-2029
The International Monetary Fund (IMF) announced on September 1, 2026, that it has reached an agreement with the Senegalese government for a financial aid program of approximately $2.2 billion for the period 2026-2029. This announcement comes nearly three years after the IMF suspended its previous loan to Senegal, following the revelation by Dakar of hidden debt contracted by the previous administration. The agreement marks a significant step in restoring the IMF's confidence in Senegal's economic management. The details were reported from Dakar by Sarah Sakho.
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What we know
The previous IMF loan was suspended nearly three years ago after Senegal revealed hidden debt from the previous administration.
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IMF reached an agreement with Senegal for an aid program of about $2.2 billion for 2026-2029.
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The announcement was made on September 1, 2026.
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The IMF has reached a staff-level agreement with Senegal for a financial aid program of about $2.2 billion for 2026-2029, nearly three years after suspending its last loan due to hidden debt.
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