Debt estimate context
In July, the International Monetary Fund assessed that Senegal had accumulated more than 11 billion dollars in additional previously undisclosed debt, using data measured as of the end of 2023. This hidden liability estimate highlights the scale of the country’s fiscal challenges and the uncertainty around the true size of its public debt burden.
In July, the IMF estimated this extra debt at more than 11 billion dollars, based on end-2023 figures.
Key implications
- The extra debt estimate above 11 billion dollars represents a substantial addition to Senegal’s existing obligations and raises questions about earlier official reporting.
- Because the calculation relies on end-2023 data, the final figure could change as later information and updated audits become available.
Author’s summary: The IMF’s July estimate of over 11 billion dollars in extra debt, calculated from end-2023 data, underscores how severely hidden liabilities have worsened Senegal’s fiscal position.
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