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Sub-Saharan Africa risks rise in debt – IMF warns

Howard Mildilton October 16, 2025

IMF Sub-Saharan African governments are increasingly turning to local banks to fund their budgets, paying higher borrowing costs at home than abroad and putting new pressure on domestic lenders, the International Monetary Fund (IMF) warned on Thursday. In its latest Regional Economic Outlook

Business

Debt Misreporting: Senegal awaits IMF resolution

Aaliyah Aamir August 28, 2025

Senegal Senegal remains in financial limbo as the International Monetary Fund (IMF) says it will take several more weeks before it can present the country’s debt misreporting case to its Executive Board. The delay follows intensive discussions between IMF teams and Senegalese officials over corrective measures to address the discrepancy. The case stems from a dramatic […]

Business

IMF: Senegal lauded for strengthening economy, reduce debt burden

Andrew Mbeki July 25, 2025

Senegal The IMF praised Senegal for acting to engage reforms to strengthen its economy, while also working with the IMF to clarify and amend it’s debt position after it uncovered misreporting of how much the African country owed creditors, Kozack said citing comments by the Fund’s First Deputy Managing Director Gita Gopinath. The IMF, a […]