Senegal's debt workout hits delays as IMF audit remains outstanding

Bloomberg · 4 hours ago
Senegal's debt workout hits delays as IMF audit remains outstanding
  • Senegal's year-end target to finalize a deal with the IMF and reach a debt-relief agreement with bondholders is already facing delays, according to people familiar with the situation.
  • The IMF's executive board would find it hard to approve the financing program before year-end because an international audit of Senegal's liabilities remains outstanding.
  • The audit requires the work of an international auditing firm, according to the sources.