Senegal and IMF Finalize $2.2 Billion Debt Restructuring Deal

Senegal To Rework Debt as It Reaches New IMF Deal

Senegal's eurobonds fell after the government said it will move forward with a "debt treatment" under the Group of 20's Common Framework. This came as Senegal agreed a new $2.2 billion program with the International Monetary Fund. Bloomberg's Chief Africa Correspondent Jennifer Zabasajja reports. (Source: Bloomberg)

IMF reaches historical loan agreement with Senegal

The IMF and Senegal have agreed on a new 2.2 billion-dollar loan programme to support financial reforms, a relief for the country after a huge amount of unreported debt recently came to light. The president has accused his predecessor of hiding the true state of the country's imbalanced budget deficit.

By FRANCE24

Senegal and IMF strike $2.2bn deal, two years after debt scandal froze funding

Senegal and the International Monetary Fund have reached a staff-level agreement on a new $2.2 billion (€1.9 billion) lending programme, nearly two years after an earlier deal was suspended following the discovery of previously unreported public debt.

By RFI

IMF reaches agreement with Senegal on new $2.2bn loan program - Kuwait Times

IMF reaches agreement with Senegal on new $2.2bn loan program  Kuwait Times