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Al Jazeera Commentary: IMF and Senegal Announce New $2.2 Billion Loan Program
An Al Jazeera commentary article noted that the International Monetary Fund (IMF) and Senegal announced a new $2.2 billion loan program earlier this month. This followed the suspension of a previous agreement after Senegal's public debt exceeded 130% of GDP due to the discovery of undisclosed debt (approximately 25% of GDP) in July 2024. The article suggests that Senegal must change its approach to debt management to break free from the cycle of structural adjustments.
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