Washington, DC: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement today following an informal briefing of the Executive Board on Senegal:
"The Senegalese authorities have made important progress in addressing Senegal's misreporting case. I commend them for their admirable commitment to transparency, the actions taken to identify public debt liabilities, and their close collaboration with Fund staff on these issues. The authorities are firmly advancing in the implementation of corrective measures to resolve the misreporting issue."
"I welcome Senegal's official request for a new IMF-supported program, which demonstrates the authorities' strong determination to advance their economic reform agenda. Initial discussions regarding the broad contours of the prospective program were already held in Dakar in August and formal negotiations are expected to begin during the IMF-World Bank Annual Meetings in mid-October. As we look forward to a new program, our aim is to support Senegal's policy priorities and strengthen macroeconomic stability, resilience, and inclusive growth—and ultimately to help deliver better standards of living for the Senegalese people."
"We have briefed the Executive Board today on progress made and the status of program discussions. Based on the ongoing work, we are in a good position to move expeditiously forward on all fronts. Fund staff is fully committed to working closely with the Senegalese authorities in the period ahead."
