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The International Monetary Fund (IMF) has initiated an assessment in Senegal following a government audit that revealed significant data revisions. The audit, ordered by President Bassirou Diomaye Faye, uncovered a deficit of over 10% of GDP at the end of 2023, rather than the previously reported 5%. As a result, Senegal decided to defer its request for an IMF disbursement in July. IMF staff visited Senegal to discuss the audit’s findings and will continue working with authorities to evaluate the macroeconomic impact and determine next steps. The focus is on assessing potential misreporting in past and current IMF-supported programs.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
