Washington : Les contours de la réunion de la Dg du Fmi avec Cheikh Diba et Abdourahmane Sarr
Finance Minister Cheikh Diba and his counterpart from the Ministry of Economy, Abdourahmane Sarr, are currently participating in the Spring 2026 meetings of the World Bank Group and the International Monetary Fund. They were received by the Managing Director of the IMF, Kristalina Georgieva.
She stated that their meeting with the Senegalese authorities was productive. According to her, the discussions focused on issues related to the country's economic development, particularly regarding debt, public finances, and related matters.
"We stressed the importance of sound fiscal management and structural reforms to reduce debt vulnerabilities and support long-term development," she said.
Update on discussions with the IMF
Indeed, on February 24, before the deputies, the Minister of Budget had stressed that discussions between the State of Senegal and the IMF had resumed since January 19, 2026, with the reception of the new head of mission, Ms. Vera Mercedes.
“After receiving the new head of mission, we put all the discussion topics on the table. The first was on misreporting and the second on negotiating a new program,” he explained.
Agreements on misreporting, but...
Regarding the misreporting, Cheikh Diba indicated that all issues had been resolved. “We agreed on the audit of the debt situation, on the correction of public finance statistics, on quantitative matters, and on the framework for reform measures. We agreed on the soundness of the proposed recovery process,” the Minister of Finance assured.
However, he indicated that some preliminary measures still needed to be implemented. "By the time a board meeting is held regarding the misreporting, we will be able to implement them. The problem does not arise with the first issue," he assured.
Sticking points in the new program
Regarding negotiations for a new program with the IMF, the Finance Minister explained that disagreements remained concerning the framework and the level of growth projections. "We often disagree because we believe the IMF's assumptions about Senegal's economic situation are pessimistic, while the IMF considers our projections optimistic," the minister emphasized.
But Sheikh Diba had assured them that they were working to bridge the gap in depth. He even indicated that the IMF had updated its macroeconomic framework, which he then sent to them. "By the end of the week, we will be able to discuss the economic framework and reach the results that will allow us to finalize these discussions," he said on February 24.
The major issues surrounding financing
The minister emphasizes that this is where the real challenge lies, particularly regarding the amount of funding to be mobilized. This will determine, over the medium term (from 2026 to 2028), the volume of resources the State will seek on the financial market to complete the financing of the economy.
“If we disagree on this point, the volume of financing will be significant. That is why the IMF believes we will not be able to finalize the financing and thinks that the solution remains restructuring. But if we manage to converge on the essential indicators of the framework, the financing need will shrink to a level that will allow us to ensure that this financing is finalized,” he concluded on the matter.
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