IMF reaches staff-level agreement with Senegal on a US$2.2bn, 36‑month programme

On 1 September 2026 the IMF and Senegal reached a staff-level agreement on a 36‑month Extended Credit Facility worth about US$2.2 billion; the deal requires IMF Executive Board approval and financing assurances from other lenders and is linked to a plan to seek external debt treatment under an enhanced Common Framework.

The staff agreement provides a policy anchor that could unlock concessional financing from multilaterals and shape creditor negotiations. It reduces immediate liquidity risk conditional on timely Board approval and creditor financing assurances. Markets have already re-priced Senegalese international bonds lower; the eventual debt treatment’s perimeter (excluding CFAF paper) will determine which creditor classes bear losses and how domestic/regional funding costs evolve.

IMF Executive Board decision and official financing assurances from World Bank/AfDB and bilateral creditors.